On november 1, 2018, taylor signed a one-year contract to provide handyman services on an as-needed basis to king associates, with the contract to start immediately. king agreed to pay taylor $5,040 for the one-year period. taylor is confident that king will pay that amount, but payment is not scheduled to occur until 2019. taylor should recognize revenue in 2018 in the amount of

Acontractor was awarded a purchase order for commercial items for $1.5 million under the authority of far subpart 13.5. the purchase order was issued in november 2010 and containedall applicable clauses that were current as of the date of the purchase order. under the purchase order, the contractor is required to comply with a small business subcontracting plan that contains all of the required elements. which of the following is true? a.the contractor must submit a standard form 294, subcontracting report for individual contracts. b.the contractor must submit an individual subcontracting report through the electronic subcontracting reporting system (esrs). c.the contractor may submit either an sf 294 or report its subcontracting through esrs. d.the contractor is not required to submit any subcontracting reports.