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Warner Company received $48,000 cash in advance for services to be performed over the one-year period from September 1, 2015 through August 31, 2016.

Warner Company received $48,000 cash in advance for services to be performed over the one-year period from September 1, 2015 through August 31, 2016. What amount of revenue will Warner Company report on its 2015 Income statement assuming the work is performed evenly throughout the one-year contract period? Multiple Choice 50 $48,000 $12,000 $16,000 9 JAN 27 W X P < Prev 15 of 15 Next MacBook Pro e A

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