How much revenue should tony recognize for the year

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Problem 1: Tony &Jr. is a CPA firm that provides proprietary software to its clients. One of its software packages sells for P150 and contains pre-programmed tutorials on basic accounting concepts. Another product sells for P3,000 and contains Tony &Jr. archive of accounting standards and articles, which Tony & Jr. updates on a weekly basis and downloads to archive users for the two years following purchase of the product. If a customer purchases both software packages on June 1, 20x6, how much revenue should Tony &Jr. recognize for the year 20x6?

a. None

b. P 875

c. P 150

d. P1,025

Reference no: EM132952804

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