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Bucky Badger Corporation had the following transactions for the months of March and April: March 1: ABC Co. signed a contract with Bucky Badger Corporation.
Bucky Badger Corporation had the following transactions for the months of March and April: March 1: ABC Co. signed a contract with Bucky Badger Corporation. This contract outlined Bucky Badger was to provide landscaping services for ABC Co. in the months of March and/or April. The total amount ABC Co. agreed to pay Bucky Badger for these services is $1,000. .March 22: Bucky Badger received $600 from ABC Co. for the services ordered on March 1st April 2nd: Bucky Badger performed all landscaping services as outlined in the March 1st contract. April 8th: Bucky Badger received the remaining $400 from ABC Co. related to the March 1st contract. How much revenue should Bucky Badger recognize on the income statement dated March 31st? (Bucky Badger's income statement is prepared in accordance with U.S. GAAP)
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