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On September t. Yeart Gomez Company collected $19.500 in advance from a customer for services to be provided over a one-year pena beginning on that
On September t. Yeart Gomez Company collected $19.500 in advance from a customer for services to be provided over a one-year pena 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 1? How much would the company report as net cash flows from operating activities for Year 1? Murple Choice 0 $0.512.500 $19.500, $19.500 $6.500 519.500 $6.50056.500
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