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Business, 12.02.2020 01:43 3mory2006p78jan

On September 1, Year 1, Gomez Company collected $9,000 in advance from a customer for services to be provided over a one-year period beginning on that date. How much revenue would Gomez Company report related to this contract on its income statement for the year ended December 31, Year 1How much would it report as cash flows from operating activities for one year?a. $3,000; $3,000
b. $3,000; $9,000
c. $0; $9,000
d. $9,000; $9,000

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On September 1, Year 1, Gomez Company collected $9,000 in advance from a customer for services to be...
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