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Under the cash basis of accounting, how much revenue should be reported for the current accounting period given the following activity for InstaChat Company: Receipt
Under the cash basis of accounting, how much revenue should be reported for the current accounting period given the following activity for InstaChat Company:
Receipt of $ cash for goods and services provided in the current period Provided goods and services of $ in the current period to customers who will pay us in the next accounting period
Receipt of $ cash in the current period for goods and services to be provided in the next accounting period
Do not include commas, dollar signs or text.
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