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Duck Company collected $21,300 on September 1, Year 1 from a customer for services to be provided over a one-year period beginning on that date.

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Duck Company collected $21,300 on September 1, Year 1 from a customer for services to be provided over a one-year period beginning on that date. How much revenue would Duck Company report related to this contract on its income statement for the year ended December 31, Year 1? How much would it report as cash flows from operating activities for Year 1

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