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What xena should record revenue of

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Problem 1: Xena Limited develops and sells off-the-shelf accounting software packages. The retail price of each package is $880 (GST inclusive). Included with each package sold are 'free' upgrades for a period of 12 months from the date of sale. These upgrades can be purchased separately for $110 (GST inclusive). At the date of sale, Xena should record revenue of:

Select one:

Option 1: $880.00

Option 2: $990.00

Option 3: $770.00

Option 4: $700.00

Reference no: EM132672314

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