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Gomez company collected 18,600 on September 1, year 1 from a customer for services to be provided over a one-year period beginning on that date.
Gomez company collected 18,600 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 Gomez company report related to this contact 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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