Question
In the Month of March, Baldwin Corporation received orders of 160 units at a price of $15.00 for their product Beetle. Baldwin uses the accrual
In the Month of March, Baldwin Corporation received orders of 160 units at a price of $15.00 for their product Beetle. Baldwin uses the accrual method of accounting and offers 30 day credit terms. Baldwin delivers 106 units in March and the balance of 53 units in April. They received payment for 53 units in March, 53 units in April, and 53 units in May. How much revenue is recognized on the March income statement from this order? How much in the April Income statement? (Answer in thousands)Select: 1
A. 2400 -0
b. 1,590 - 795
c. 0- 2400
d. 795- 795
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