In 2015,a Major Drug Company Agreed to Give a Not-For-Profit

Multiple Choice

In 2015,a major drug company agreed to give a not-for-profit private college $2,100,000 to perform testing of a new drug. An advance payment of $700,000 was received in 2015. The college was to receive $7,000 per individual test. In 2015,the college completed 100 tests. How much revenue should the college report for 2015?

A) $ - 0 - .
B) $ 400,000.
C) $ 700,000.
D) $1,700,000.