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Question 7 Gillian's business provides furniture rentals for corporate events. Her client paid her $5,000 in November 2020 for furniture to be rented in February

Question 7 Gillian's business provides furniture rentals for corporate events. Her client paid her $5,000 in November 2020 for furniture to be rented in February 2021. Gillian can defer recognizing the $5,000 of income until 2021. True False

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