Assume that the scales,software and calibration service are viewed as one performance obligation.How much revenue will Ortiz recognize in 2016 for this contract?

Name: Assume that the scales,software and calibration service are viewed as one performance obligation.How much revenue will Ortiz recognize in 2016 for this contract?
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Quizplus · Accepted Answer

The contract price is $90,000. Ortiz has completed 42.5% of the performance obligations in 2016, so Ortiz will recognize $37,500 of revenue in 2016.

Assume That the Scales,software and Calibration Service Are Viewed as One