Question: Multiple Choice Question On October 2 5 , Yacht Doc received $ 2 0 0 , 0 0 0 for a yacht valued at $

Multiple Choice Question
On October 25, Yacht Doc received $200,000 for a yacht valued at $180,000 and a 4-month service contract. During November, the yacht was delivered and 1
month of the service contract was performed. The remaining services are to be performed evenly over the next 3 months. In what month should the $180,000 for
the yacht be recognized as revenue?
14 in November, December, January, and February
November
October
February
Multiple Choice Question On October 25, Yacht Doc received $200,000 for

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