A customer paid $60,000 to Foley Marketing on December 30, 2015, to perform services from...
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Accounting
A customer paid $60,000 to Foley Marketing on December 30, 2015, to perform services from January 1, 2016 through December 31, 2019. If Foley fails to record the revenue recognized, ________ would be understated by ________ each year.
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