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need to learn steps for years 2,3,4and 5 Recording levenve Under a Contract Modification be paid at the end of Vear 3 , and (2)
need to learn steps for years 2,3,4and 5
Recording levenve Under a Contract Modification be paid at the end of Vear 3 , and (2) the contract is extended to veat 4 and Yeur 5 for 57ba,000 ( 5140,000 per year, to be pad an the end of each year? The iandalone selire arxe for and rear af service at the time of modification is 5168000 , Mantenance fees are bilied annualy by Traders inc. Required Answer the following questions, rounding each anwwer to the nearest whole dollar. Ansume any paymens due were reckived itash. a. Hecord Traders inc journal entry to recognise revenue for each of the first two years of the coneract. Recording levenve Under a Contract Modification be paid at the end of Vear 3 , and (2) the contract is extended to veat 4 and Yeur 5 for 57ba,000 ( 5140,000 per year, to be pad an the end of each year? The iandalone selire arxe for and rear af service at the time of modification is 5168000 , Mantenance fees are bilied annualy by Traders inc. Required Answer the following questions, rounding each anwwer to the nearest whole dollar. Ansume any paymens due were reckived itash. a. Hecord Traders inc journal entry to recognise revenue for each of the first two years of the coneract Step by Step Solution
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