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25 February, 02:05

Sunland Company collected $22400 in May of 2016 for 4 months of service which would take place from October of 2016 through February of 2017. The revenue reported from this transaction during 2016 would bea. $0

b. $4,200

c. $5,600

d. $1,400

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Answers (1)
  1. 25 February, 02:28
    0
    There is something wrong with this question because October to February is not four months, it's five months.

    We can calculate this assuming 3 months of 2016 (October, November, December) and 2 months of 2016 (November and December).

    3 months of 2016 = ($22,400 / 4 months) x 3 months = $16,800 2 months of 2016 = ($22,400 / 4 months) x 2 months = $11,200

    No option is correct.
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