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Show the computation of the amount of revenue

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Question - The records for Kiley Company showed the following for 2020:

 

Jan. 1

Dec. 31

Unearned revenue

$1,100

$2,160

Accrued revenue

1,260

920

Cash collected during the year for revenue, $75,000.

Required - Show the computation of the amount of revenue that should be reported on the income statement.

Reference no: EM132653473

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