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On the 1st of July, ABC Company signed a one-year contract to provide consultancy services to one of its customers. The value of the contract

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On the 1st of July, ABC Company signed a one-year contract to provide consultancy services to one of its customers. The value of the contract was 20,000. The Company received $2,000 cash from the customer as a down payment. the contract is not related to a certain number of consultants that might be provided. amount of revenues that will be recorded in the income statement of ABC Company on 31st Dec 2019 is Select one: a. $20,000 b. $5,000 c. $10,000 d. $2,000

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