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View Policies Current Attempt in Progress Waterway Construction has an October 31 year end. On October 20 Waterway received a payment from Skysong Industries in the amount of $25100 as an advance on the construction for the new head office of Skysong. Construction was to have started October 25 but due to an early snowfall, construction did not start until November 7. Construction is scheduled to be completed December 31. Following the revenue recognition criteria, the revenue which Waterway should record in its October 31 Financial Statements is O $9400. O $5900. O O. O none of the above. Save for Later Attempts: 0 of 1 used Submit