Whistleblower Corp. enters a contract on October 1st, 2019 to provide Drumph Corp. with a package...

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Whistleblower Corp. enters a contract on October 1st, 2019 to provide Drumph Corp. with a package of services to begin immediately. The services include encrypted server storage for 12 months, legal advice for 24 months and public relations services for 24 months. The total package price for these services is 3 million dollars. The products separately are priced as follows: storage services (12 months) 500,000, legal advice (24 months) 2,000,000 and public relations services (24 months) 1,000,000. How much revenue should Whistleblower Corp. recognize on the contract for fiscal year ending December 31, 2019 (rounded to the nearest thousands)? 500,000 429,000 375,000 438,000 Whistleblower Corp. enters a contract on October 1st, 2019 to provide Drumph Corp. with a package of services to begin immediately. The services include encrypted server storage for 12 months, legal advice for 24 months and public relations services for 24 months. The total package price for these services is 3 million dollars. The products separately are priced as follows: storage services (12 months) 500,000, legal advice (24 months) 2,000,000 and public relations services (24 months) 1,000,000. How much revenue should Whistleblower Corp. recognize on the contract for fiscal year ending December 31, 2019 (rounded to the nearest thousands)? 500,000 429,000 375,000 438,000

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