On January 1,2022 Grant Corporation received a cash payment from its customer, Tucker Corporation. The...
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Accounting
On January Grant Corporation received a cash payment from its customer, Tucker Corporation. The payment amount was $ and was a down payment for consulting work Grant was to perform for Tucker later in The total value of the consulting work to be performed by Grant for Tucker was estimated to be $ From March through March a consulting employee of Grant, Sharon Smith who earns $ per hour as a consultant, performed hours of consulting services to Tucker. Grant billed Tucker $ for the consulting work performed by Sharon Smith. From June through August Debbie Williams who earns $ per hour as a consultant for Grant Corporation, work hours providing consulting services to Tucker. Grant billed Tucker $ for the work preformed by Debbie Williams. How much revenue should Grant recognize for the services it provided to Tucker for the year ended December
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$
None of the answer selections are correct.
$
$
$
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