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Oriole Co. has a contract to sell 100 products to a customer for $10,000 ( $100 per product) at various times over a six-month period.

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Oriole Co. has a contract to sell 100 products to a customer for $10,000 ( $100 per product) at various times over a six-month period. After 70 products have been delivered Driole modifies the contract by promising to deliver 20 extra products for an additional $1,900, or $95 per product (which is the stand-alone selling price of the products at the time of the contract modification). Oriole regularly sells the products separately and they are considered to be distinct. Your answer is correct Is this accounted for as a new contract? eTextbook and Media Your answer is correct. Is this accounted for as a new contract? eTextbook and Media * Your answer is incorrect. Calculate the total amount of revenue yet to be recognized. Total revenue

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