Question: SOLVE Le] Multiple Choice 5 points On July 1, Year6, Company signed a contract to perform monthly consulting services for a client over a 3-year
SOLVE
Le] Multiple Choice 5 points On July 1, Year6, Company signed a contract to perform monthly consulting services for a client over a 3-year period.. This content is copyrighted + The service contract runs from September 1, Year through August 31, Year9. + On August 1, Year, the client paid $72,000 in advance for these services. Company completed the services according to the contract. The amounts of revenue that would appear on Company's Year and Year? income statements, respectively would be (.) $8,000 / $24,000. (.) $24,000 / $24,000. $0/ $0. () $24,000 / $48,000. () $72,000 /$ 0Step by Step Solution
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