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On December 19, 2020, Acme Corp. received a $70,000 order from a customer. The product was delivered to the customer on December 28. Acme typically
On December 19, 2020, Acme Corp. received a $70,000 order from a customer. The product was delivered to the customer on December 28. Acme typically requires customers to make payment within 60 days of delivery. As of December 31, 2020, Acme believes there is a 90% chance the customer will pay by January 31. How much revenue for this sale will Acme recognize in its 2020 income statement? (just enter the number, without any commas or a dollar sign)
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