xc B Remaining Time: 2 hours. 02 minutes. 08 seconds. Question Completion Status QUESTION 2 Over Ltd sells boats for $50 000 each and can provide mooring facines for ts customers at a price of $10 000 per year. Over deb these the pately or as a pecaps Over enters into a contract to sell a boat and one year of mooring services to George for $54 000 Legal site to the boat passes on recept of the cash payment and the mooring services begin on me same day Required a. Define revenue and explain how it is different from income 14 marksj Applying AAS 15 use the 5-step model to explain how Over L would account for the revenue associated with this transaction (16 marks For the toolbar, press ALTO ALT BIUS Paragraph Open Sansa 100 xx, S E I x . EB x WEBCAM RECORDING