Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. on may 1, 2021, varga tech services signed a $63,0

On May 1, 2021, Varga Tech Services signed a $63,000 consulting contract with Shaffer Holdings....

50.1K

Verified Solution

Question

Accounting

On May 1, 2021, Varga Tech Services signed a $63,000 consulting contract with Shaffer Holdings. The contract requires Varga to provide computer technology support services whenever requested over the period from May 1, 2021, to April 30, 2022, with Shaffer paying the entire $63,000 on May 1, 2021.

How much revenue should Varga recognize in 2021?

2021 revenue __

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Finance
1.2K views

Problem 12-04 Sales Increase Maggie's Muffins Bakery generated $4,000,000 in sales during 2016, and its year-end...

Psychology
1.2K views

What is the difference in cross-sectional, longitudinal and time-lag comparison research design? Explain the research designs and...

Electrical Engineering
1.2K views

Explain linear convolution for continuous and discrete domain signals? provide an example for each case.

Physics
1.2K views

A 25 nC charge is moved from a point where V = 170 V to...

Geometry
1.2K views

vis accepted a job as a billing assistant after being offered a 900 signing bonus...

Basic Math
1.2K views

A parallelogram has sides of lengths 10 and 6, and one angle is 42. The...

Calculus
1.2K views

Determine the intervals on which f is continuous. Enter the solution using interval notation.f(x) =...

Calculus
1.2K views

log 2 x x sin x 1 x Check the continuity of the function f...

Accounting
1.2K views

2.56% 17.00%

Accounting
1.2K views

Directions: Answer all questions. While you may use your calculator, be sure to show what...

Accounting
1.2K views

Your friend, soon after graduating from university, started investing by depositing $1304 at the end...

Accounting
1.2K views

Transaction details October 2021 1 2 3 4 6 7 Nadeen invested OMR 25,000 to...