Viking Horn Company received an advance payment of $162,000 for a consulting contract during the year. The
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- Viking Horn Company received an advance payment of $162,000 for a consulting contract during the year. The balance in the Unearned Consulting Fees accounts at the beginning of the year was $12,000. At the end of the year, $7,000 was still unearned. How much will Viking Horn report as Consulting Revenue on its income statement for the year?
Related Book For
Essentials of Business Analytics
ISBN: 978-1285187273
1st edition
Authors: Jeffrey Camm, James Cochran, Michael Fry, Jeffrey Ohlmann , David Anderson, Dennis Sweeney, Thomas Williams
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