How much revenue should green co report in first year


Green Co. has signed a long-contract to build a new sports arena. The total revenue related to the contract is $520 million. Estimated costs for the building the arena are $180 million in the first year and $130 million in both the second and third year. The costs cannot be reasonably estimated. How much revenue should Green Co. report in their first year under iGAAP.

Request for Solution File

Ask an Expert for Answer!!
Accounting Basics: How much revenue should green co report in first year
Reference No:- TGS073001

Expected delivery within 24 Hours