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Business, 05.10.2020 01:01 michaelowenmccollum

GreenUp, a calendar year, accrual basis taxpayer, provides landscaping installation and maintenance services to its customers. In August 2020, GreenUp contracted with a university to renovate its lawns and gardens. GreenUp agreed to complete the entire renovation by May 31, 2022, and the university prepaid the entire $100,000 fee. GreenUp completed 20 percent of the work in 2020, 65 percent in 2021, and 15 percent in 2022. Required: How much revenue should GreenUp report on its financial statements for 2020, 2021, and 2022

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GreenUp, a calendar year, accrual basis taxpayer, provides landscaping installation and maintenance...
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