Practice prompt · Q:statement-presentation-comprehensive-income-and-disclosure/practice-customer-installation

Customer installation

Classify a fee for installation work sold to customers.

Updated Sep 13, 2026 Review due Dec 13, 2026
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A maker of lab equipment also installs equipment for customers. Where does the fee for completed installation work belong?

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Answer: b

The installation is a service sold to customers, so its fee is revenue.