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Orca Co. received $1,800 in fees during 2020, 1/3 of which will be earned in 2021. The rest was earned when the amount was received.

Orca Co. received $1,800 in fees during 2020, 1/3 of which will be earned in 2021. The rest was earned when the amount was received. The company should report which of the following amounts as income in 2020?

Multiple Choice

$1,200
$0
$1,800
$600

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