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On April 1st, Pario Company agrees to a contract to sell 9,000 tie-dyed flags for $45,000 to Wavers, Inc. On July 1, after 5,000 flags
On April 1st, Pario Company agrees to a contract to sell 9,000 tie-dyed flags for $45,000 to Wavers, Inc. On July 1, after 5,000 flags have been delivered, Pario and Wavers modify the agreement to sell an additional 6,000 flags for $21,000, which is significantly lower than Pario's stand-alone selling price at that time. During July, Pario delivers 1,000 flags. How much revenue will Pario recognize for the month of July? $5,000 $4,250 $4,100 $3,500
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