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How much revenue would gomez company report

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Reference no: EM132478411

Gomez Company collected $21,000 on September 1, Year 1 from a customer for services to be provided over a one-year period beginning on that date.

Question 1: How much revenue would Gomez Company report related to this contract on its income statement for the year ended December 31, Year 1?

Question 2: How much would it report as cash flows from operating activities for Year 1?

Reference no: EM132478411

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