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Scope Ltd. had the following transactions in August, 2021: Sold goods to Scuba Inc. for $10,000, terms FOB shipping point. The goods were shipped on
Scope Ltd. had the following transactions in August, 2021:
Sold goods to Scuba Inc. for $10,000, terms FOB shipping point. The goods were shipped on August 17 and delivered to Scuba on Sept 2.
Sold three months of services to Divers Co. for $15,000. The services will begin on October 1. Divers paid cash on August 22.
Sold goods to Shippers Ltd. for $18,000 on account. The goods were delivered on August 12, and payment is due on September 5.
How much revenue should Scope recognize in August?
A. 28,000
B. 43,000
C. 10,000
D. 33,000
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