What Inaccuracies would exist in the lune and luly income statements if Tom were to decide to

nize the tun 510.000 as revenue on the August statement?

Revenue Roulette Tom Lafleur, a university student living in northern Alberta, has created an interesting summer venture as a young entrepreneur. He has formed a firm called Tom's Tree Service, specializing in tree removal and pruning. He has been fortunate in securing a $10000 contract to cut a large acreage of trees for a local golf course. Tom estimates that it will take him from early June to the end of August to complete the job. The golf course owners have agreed to give Tom three progress payments on the dates indicated in the chart below. Revenue Roulette Tom Lafleur, a university student living in northern Alberta, has created an interesting summer venture as a young entrepreneur. He has formed a firm called Tom's Tree Service, specializing in tree removal and pruning. He has been fortunate in securing a $10000 contract to cut a large acreage of trees for a local golf course. Tom estimates that it will take him from early June to the end of August to complete the job. The golf course owners have agreed to give Tom three progress payments on the dates indicated in the chart below. Revenue Roulette Tom Lafleur, a university student living in northern Alberta, has created an interesting summer venture as a young entrepreneur. He has formed a firm called Tom's Tree Service, specializing in tree removal and pruning. He has been fortunate in securing a $10000 contract to cut a large acreage of trees for a local golf course. Tom estimates that it will take him from early June to the end of August to complete the job. The golf course owners have agreed to give Tom three progress payments on the dates indicated in the chart below. Revenue Roulette Tom Lafleur, a university student living in northern Alberta, has created an interesting summer venture as a young entrepreneur. He has formed a firm called Tom's Tree Service, specializing in tree removal and pruning. He has been fortunate in securing a $10000 contract to cut a large acreage of trees for a local golf course. Tom estimates that it will take him from early June to the end of August to complete the job. The golf course owners have agreed to give Tom three progress payments on the dates indicated in the chart below