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How much revenue should record

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Problem 1: Yong decided it would be helpful to discuss a couple of other transactions. On a recent trip to Paris, Yong met a street vendor who wanted to sell watches with the colors of various French futball teams. She paid Yong $3,000 in advance for the watches and promised him another $1,000 after she sells them. He did agree to take them back within two months if she found she could not sell them. This is a brand new market for him, so he is willing to take the risk in the hopes it will pay off. Yong shipped her all the watches three days ago. How much revenue should he record?

Reference no: EM132939316

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