On November 1,2016,Taylor signed a one-year contract to provide handyman services on an as-needed basis to King Associates,with the contract to start immediately.King agreed to pay Taylor $4,800 for the one-year period.Taylor is confident that King will pay that amount,but payment is not scheduled to occur until 2017.Taylor should recognize revenue in 2016 in the amount of
A) $0
B) $800
C) $2,400
D) $4,800
Correct Answer:
Verified
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