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How bbc would report revenue of

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BBC Company received $9,900 cash on February 1, 2019, from XYZ Company as advance payment for services BBC promised to perform for XYZ over the next three years on a continuous basis. Assume that BBC Company's year-end is December 31.

Problem 1: On its 2019 income statement, BBC would report revenue of

Option 1: $2,750.

Option 2: $3,025.

Option 3: $9,900.

Option 4: $3,300.

Reference no: EM132660982

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