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On September 1 Year 1, Gomez Company collected $17,400 in advance from a customer for services to be provided over a one-year period beginning on

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On September 1 Year 1, Gomez Company collected $17,400 in advance 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 contract on its income statement for the year ended December 31, Year 17 How much would the company report as net cash flows from operating activities for Year 17 Multiple Choice $5.800$5.800 $5,000 $17400 $17400, 517400 $0 $17.400

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