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Swordfish Company earned $78,000 in Year 1 and expects to receive 2/3 of the amount in Year 2 and the remainder in Year 3. How

Swordfish Company earned $78,000 in Year 1 and expects to receive 2/3 of the amount in Year 2 and the remainder in Year 3. How much revenue should Swordfish Company report in Year 1? Multiple Choice $52,000 $26.000 $78,000

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