Question: Problem IX (5 points) Estimated time to complete -5 mins Tulane Tires write a contract for a $100,000 sale to a new Garden District Tour

Problem IX (5 points) Estimated time to complete -5 mins Tulane

Problem IX (5 points) Estimated time to complete -5 mins Tulane Tires write a contract for a $100,000 sale to a new Garden District Tour Company. Tulane only anticipates a slightly greater than fifty percent chance that Garden will be able to pay the am Tulane is entitled to receive under the contract. Upon delivery of the tires, assuming no payments has yet been made by Garden, how much revenue should Tulane recognize under U.S. GAAP? ounts that Tulane uill recoanize

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