Question

in the month of march, chester received orders of 179 units at a price of $15.00 for their product clack, and in april receives an order for 45 units of their product clack at $15.00. chester uses the accrual method of accounting and offers 30 day credit terms. chester delivers 0 units in march, 179 units in april and 45 units in may. they received payment for 179 units in april, and payment for 45 units in may. how much revenue is recognized on the march income statement from this order

Answer 1

Answer:

$0

Explanation:

The computation of the revenue recognized is shown below:

= Price per unit × number of units delivered in march month

= $15 × 0 units

= $0

Since 0 units delivered in the march month and if we multiplied the price per unit with the march units i.e. 0 so the answer should be zero only