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At the beginning of the curreBBC Company received $9,900 cash on February 1, 2019, from XYZ Company as advance payment for services BBC promised to
At the beginning of the curreBBC Company received $9,900 cash on February 1, 2019, from XYZ Company as advance payment for services BBC promised to perform for XYZ over the next three years on a continuous basis. Assume that BBC Company's year-end is December 31.nt year, X Company had assets of $600, liabilities of $300, and common stock of $100
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