On October 15, a company received $15,000 cash as a down payment on a consulting contract. The amount was credited to Unearned Consulting Revenue. By October 31, 10% of the services required by the contract were completed. The company will record consulting revenue of $1,500 from this contract for October.
Answer the following statement true (T) or false (F)
True
Revenue = $15,000 * 10% = $1,500
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