Ultramega Company collected $19,600 in May of 2018 for 4 months of service which would take place from October of 2018 through January of 2019. The revenue reported from this transaction during 2018 would be
A) 0.
B) $4,900.
C) $14,700.
D) $19,600.

Question

Quizplus · Accepted Answer

The revenue for 2018 includes services provided from October to December, which is 3 months. Therefore, $19,600 / 4 months * 3 months = $14,700.

Ultramega Company Collected $19,600 in May of 2018 for 4