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On January 1, 2023, a customer places an order for a new customized vehicle. The contract price is $30,000. The vehicle is delivered to the dealer and customer on April 2023. What amount of revenue does the dealer record on January 1, 2023 and April 1, 2023? OA. $0; $30,000 O B. $10,000; $10,000 O C. $15,000; $15,000 O D. $30,000; SO

On January 1, 2023, a customer places an order for a new customized vehicle. The contract price is $30,000. The vehicle is delivered to the dealer and customer on April 2023. What amount of revenue does the dealer record on January 1, 2023 and April 1, 2023? OA. $0; $30,000 O B. $10,000; $10,000 O C. $15,000; $15,000 O D. $30,000; SO

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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On January 1, 2023, a customer places an order for a new customized vehicle. The contract price is $30,000. The vehicle is delivered to the dealer and customer on April 1, 2023. What amount of revenue does the dealer record on January 1, 2023 and April 1, 2023? O A. $0; $30,000 O B. $10,000; $10,000 O C. $15,000; $15,000 O D. $30,000; SO C
Transcribed Image Text:On January 1, 2023, a customer places an order for a new customized vehicle. The contract price is $30,000. The vehicle is delivered to the dealer and customer on April 1, 2023. What amount of revenue does the dealer record on January 1, 2023 and April 1, 2023? O A. $0; $30,000 O B. $10,000; $10,000 O C. $15,000; $15,000 O D. $30,000; SO C
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