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On January 1,2016,Mayer Corporation Signed a Contract to Perform $25,000

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On January 1,2016,Mayer Corporation signed a contract to perform $25,000 worth of services for the Phibbs Company over the next three years.Which of the following indicates the effects of this event on the income statement and statement of cash flows of Mayer Corporation?
On January 1,2016,Mayer Corporation signed a contract to perform $25,000 worth of services for the Phibbs Company over the next three years.Which of the following indicates the effects of this event on the income statement and statement of cash flows of Mayer Corporation? D) On January 1,2016,Mayer Corporation signed a contract to perform $25,000 worth of services for the Phibbs Company over the next three years.Which of the following indicates the effects of this event on the income statement and statement of cash flows of Mayer Corporation? D) On January 1,2016,Mayer Corporation signed a contract to perform $25,000 worth of services for the Phibbs Company over the next three years.Which of the following indicates the effects of this event on the income statement and statement of cash flows of Mayer Corporation? D) On January 1,2016,Mayer Corporation signed a contract to perform $25,000 worth of services for the Phibbs Company over the next three years.Which of the following indicates the effects of this event on the income statement and statement of cash flows of Mayer Corporation? D) On January 1,2016,Mayer Corporation signed a contract to perform $25,000 worth of services for the Phibbs Company over the next three years.Which of the following indicates the effects of this event on the income statement and statement of cash flows of Mayer Corporation? D)
D)

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