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Riverbed Ltd. offers on-demand streaming of live soccer matches from around the world to subscribers. The company, which uses IFRS, offers 10-month subscriptions, which correspond
Riverbed Ltd. offers on-demand streaming of live soccer matches from around the world to subscribers. The company, which uses IFRS, offers 10-month subscriptions, which correspond to the schedules of most of the world's major soccer leagues. When a subscriber signs up with Riverbed, a fee of $580 is charged to their credit card. Subscribers are provided with a unique password that enables them to watch as many games as they wish on a single streaming device of their choice. The subscription contractsare non- cancellable. During August 2021, Riverbed sold 6,100 subscriptions for the period August 1, 2021, to May 31, 2022. Using the five-step model for revenue recognition, how much revenue Riverbed would be able to rcoganize for the month of August 2021? Amount of revenue $
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