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Dolphin Co. received $3,875 in fees during 2014, 1/5 which will be earned in 2015, the rest was earned when the amount was received. The
Dolphin Co. received $3,875 in fees during 2014, 1/5 which will be earned in 2015, the rest was earned when the amount was received. The company should report which of the following amounts as income in 2014?
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