Question: BCD provides payroll services. It has a contract with DEF to provide these services for the year ending 31 December 20X2 for a fixed fee

BCD provides payroll services. It has a contract with DEF to provide these services for the year ending 31 December 20X2 for a fixed fee of $30,000. If BCD processes the payroll 100% accurately during 20X2, it will earn a 5% performance bonus, payable in 20X3. DEF has been a client of BCD for many years, Jand the performance bonus has been missed only once, 12 years ago. What is the amount of revenue to be recognised by BCD from DEF for the year ending 31 December 20X2? Give your answer to the nearest $

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