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How much revenue would natchez company report

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Problem 1: Natchez Company collected $9,000 on September 1, 2020 from a customer for services to be provided over a one-year period beginning on that date. How much revenue would Natchez Company report related to this contract on its income statement for the year ended December 31, 2020? How much would it report as cash flows from operating activities for 2020?

a. $3,000; $9,000
b. $3,000; $3,000
c. $9,000; $9,000
d. $0; $9,000

Reference no: EM132828295

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