total amount of revenue t

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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On July 1, 2022, John entered into a 12-month telecom plan with Cabinet Telecom. The terms of the plan includes the following:
           
             Calida's  monthly fixed fee is P2,000.
              Calida  receives a free handset at the inception of the plan.

Tela Telecom sells the same handsets for P6,000 and the same monthly prepayment plans w/out handset for P1,600/month.

Determine the total amount of revenue to be recognized by Cabinet Telecom in 2022

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