Marigold Construction has an October 31 year end. On October 20 Marigold received a payment from Blossom Industries in the amount of $24200 as an advance on the construction for the new head office of Blossom. Construction was to have started October 25 but due to an early snowfall, construction did not start until November 7. Construction is scheduled to be completed December 31. Following the revenue recognition criteria, the revenue which Marigold should record in its October 31 Financial Statements is
$8900.
$3900.
0.
none of the above.

Answer rating: 100% (QA)

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