Question: Tulane Tres wrobe a contract for a $ 1 0 0 , 0 0 0 sale of tres to the new Gaden District Tour Compary.

Tulane Tres wrobe a contract for a $

100, 000

sale of tres to the new Gaden District Tour Compary. Tulane only antiopates a slightly greater than

50

percent chance that Garden wil be able to pay the amounts that Tulane is enttied to necelve under the contract. Upon detivery of the sires, assuming no payment has yet been made by Garden, how much tevenue should Tulane recognise under U

.

.

GAAP?

Tulane Tres wrobe a contract for a $ 1 0 0 , 0 0

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