On January 20, 2018, Kostas Company enters into a contract to build custom equipment for ABC Carpet Company. The contract specified a delivery date of March 1. The equipment was not delivered until April 30. The contract required full payment of $75,000 30 days after delivery. The revenue for this contract should be
a. recorded on April 30, 2018.
b. recorded on March 31, 2018.
c. recorded on January 15, 2018.
d. recorded on March 1, 2018.
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