ABC Company collected $3,600 in May of 2013 for 6 months of service which would take place from September of 2013 through February of 2014

Management Oct 16, 2020

ABC Company collected $3,600 in May of 2013 for 6 months of service which would take place from September of 2013 through February of 2014. The revenue reported from this transaction during 2013 would be:

$1,800

$2,400

$3,600

Expert Solution

Computation of Revenue for 2013:

Amount of Revenue per Month = $3,600/6 = $600

Number of Months in 2013 = 4

Revenue Generated = $600 * 4 = $2,400

So, the correct option is 2nd "$2,400"

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