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Glenview Company earned $75,000 in Year 1 and expects to receive 2/3 of the amount in Year 2 and the remainder in Year 3. How

Glenview Company earned $75,000 in Year 1 and expects to receive 2/3 of the amount in Year 2 and the remainder in Year 3. How much revenue should Glenview Company report in Year 1?

A) $50,000

B)$0

c)$25,000

D)$75,000

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