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Question 15 1 pts On January 1, 2019, Carol started a financial advisory service business, which she operates as a corporation. The corporation uses the

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Question 15 1 pts On January 1, 2019, Carol started a financial advisory service business, which she operates as a corporation. The corporation uses the accrual method for tax purposes. On April 1, 2020, the company received cash of $36,000 as full payment on a three-year service contract (under the contract the company is obligated to provide advisory services for the next 36 months starting on that day). What amount of revenue should the company recognize from this contract on the 2021 tax return? Page 9-18 $ 12,000 15,000 $ 9,000 $27,000

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