Question: INSTRUCTIONS for PART 1: (70 points) Prepare an Accounting Issues Memo to the client, dated June 25, 2020 and addressing the following concerns of EYE

INSTRUCTIONS for PART 1: (70 points) Prepare an Accounting Issues Memo to the client, dated June 25, 2020 and addressing the following concerns of EYE SPY. Your memo should be based on the assumption that the contract will be executed as described. EYE SPY is concerned if its contract will satisfy all of the conditions of the first criteria of revenue recognition related to a contract. The client is uncertain if there is one or more "performance obligations" which they understand will affect the timing of revenue recognition. The company is uncertain about when and how to record the sales manager's bonus and the other related marketing costs

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