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On Seplember 1, Yeat 1 Gomez Company collected $21,300 in advance from a customer for services to be provided over a one-year petiod begining on

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On Seplember 1, Yeat 1 Gomez Company collected $21,300 in advance from a customer for services to be provided over a one-year petiod begining on that date How much revenue would Gomez Company report related to this contract on its income statement for the year ended December 31 , Year t? How much would the compary repont as net cash flows from operating activibes for Year 1? Mutple Chaice 521300.521300 5300,521300 50,531700 37500,8300

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