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On August 1, Year 1, Carson Company collected $84,000 for services to be provided for one year beginning immediately. The company's fiscal year ends on
On August 1, Year 1, Carson Company collected $84,000 for services to be provided for one year beginning immediately. The company's fiscal year ends on December 31. Based on this information, the amount of service revenue and the cash flow from operating activities shown on the Year 1 financial statements would be
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