Question $4$

$2$ pts

On May $1,20$X$1,$ Manufacturing Co$.$ entered into a contract for $$500,000$ to deliver one of its specialty machines to Landscaping Co$.$ The contract requires Landscaping co$.$ to pay half, $$250,000,$ in advance on May $15,20$X$1.$ Manufacturing Co$.$ delivers the machine to Landscaping Co$.$ on May $31,20$X$1.$ How much revenue does Manufacturing Co$.$ recognize on May $1.20$X$1?($Hint: Pay attention to dates.$)$

$100,000$

$500,000$

None

$250,000$