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22 Dolphin Company received $2,100 In fees during Year 1, 1/3 of which will be earned in Year 2. The rest was earned when the

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Dolphin Company received $2,100 In fees during Year 1, 1/3 of which will be earned in Year 2. The rest was earned when the amount was received. The company should report which of the following amounts as income in Year 1? Multiple Choice $700 $1,400 $0 $2,100

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