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How much revenue from this contract will Aome recognize

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Question - On September 30, 2020, Acme Corp. received an $120.000 order from a customer for a four-year maintenance contract service from October 1. 2020. through September 30. 2024. Acme expects the maintenance work on this contract to occur evenly over the four-year contract period. How much revenue from this contract will Aome recognize in its 2020 income statement?

Reference no: EM132879832

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