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5. A software-as-a-service company (SAAS) entered a contract to provide a year of software access for $200 to a client on July 1 of this
5. A software-as-a-service company (SAAS) entered a contract to provide a year of software access for $200 to a client on July 1 of this year. The software is available for customer from contract signing on July 1 through June 30 of next year (12 months), and it is reasonable to expect fairly even use by the customer and contract-related costs to the supplier. The customer paid for the annual subscription on July 15, about 2 weeks after service started. How much revenue should the SAAS company recognize from this contract for the fiscal year that ends on December 31 of this year? Assume US GAAP. Select one. (2 pts) - $0 - $50 - $100 - $200 - Another number not within $1 of any of these - Not enough information to
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