Multiple Choice
Enoch,Inc.began operations on July 1,2011.On August 1,it received $12,000 in advance for services to be performed evenly over the next 12 months.How much of this revenue should the company report on its income statement for the YEAR ended December 31,2011?
A) $12,000
B) $1,000
C) $11,000
D) $5,000
Correct Answer:
Verified
Correct Answer:
Verified
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