Spanish Marine Supplies is a marine supplier of tugboat engines. As part of the selling process, the company will install the tugboat engine, conduct sea trials on the engine, provide any servicing required on the engine for the first year of operation, and not require a payment from the client until 60 days after the client's acceptance of the engine. The engine will remain the property of Spanish until the first payment is made, even though the boat is not the property of Spanish. The company's customers frequently ask Spanish to customize the engines to suit their needs. These customization changes can be extensive and may take several months.
Instructions
Comment on when you think Shediac should recognize revenue.

Question

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The Answer of Spanish Marine Supplies is a marine supplier of tugboat engines. As part of the selling process, the company will install the tugboat engine, conduct sea trials on the engine, provide any servicing required on the engine for the first year of operation, and not require a payment from the client until 60 days after the client's acceptance of the engine. The engine will remain the property of Spanish until the first payment is made, even though the boat is not the property of Spanish. The company's customers frequently ask Spanish to customize the engines to suit their needs. These customization changes can be extensive and may take several months.
Instructions
Comment on when you think Shediac should recognize revenue.

Spanish Marine Supplies Is a Marine Supplier of Tugboat Engines