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Business, 12.02.2020 00:02 angeltmccoy1661

Greenup, a calendar year, accrual basis taxpayer, provides landscaping installation and maintenance services to its customers. In August 2015, Greenup contracted with a university to renovate its lawns and gardens. GreenUp agreed to complete the entire renovation by May 30,2017, and the university prepaid the entire $100,000 fee GreenUp completed 20% of the work in 2015, 65% in 2016, and 15% in 2017.A) how much revenue should GreenUp report on its financial statements for 2015, 2016, and 2017?B) how much taxable income must GreenUp recognize in 2015, 2016, and 2017?

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