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In december 2011 the edstrom company which has a fiscal

Problem

In December 2011, the Edstrom Company, which has a fiscal year ending on December 31, received a $600 advance payment from a customer for three lawn treatments. One treatment was provided during December 2011 and the other two were provided in 2012. Using the accrual basis of accounting, how much revenue will the company report for 2011 and 2012, respectively?

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Accounting Basics: In december 2011 the edstrom company which has a fiscal

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