Gonzales Company collected $18,000 on September 1, 2013, from a customer for services to be provided over a one-year period beginning on that date. How much revenue would Gonzales Company report related to this contract on its income statement for the year ended December 31, 2013? How much would it report as cash flows from operating activities for 2013?

Answer rating: 100% (QA)

Using the data parouided Gonzale wil recogmiz... View the full answer