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What davis should recognize revenue in amount of

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Question 1: On October 1, 2016, Davis signed a two-year contract to provide handyman services on an as-needed basis to Mendoza Associates, with the contract to start immediately. Mendoza agreed to pay Davis $12,000 for the two-year period. While Davis is confident that Mendoza will pay that amount, the payment is not scheduled to occur until the end of the contract. Davis should recognize revenue in 2016 in the amount of

Option A. $0.

Option B. $1,500.

Option C. $6,000.

Option D. $12,000

Reference no: EM132490145

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