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Concord Company collected $21600 in May of 2020 for 5 months of service which would take place from October of 2020 through February of 2021.

Concord Company collected $21600 in May of 2020 for 5 months of service which would take place from October of 2020 through February of 2021. The revenue reported from this transaction during 2020 would be

$4320.

$12960.

$21600.

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