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How much revenue should sm recognize in 2016

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On October 1, 2016, SM Co. signed a two-year contract to provide handyman services to OU Associates, with the contract to start immediately. OU agreed to pay SM $12,000 for the two-year period. SM is confident that OU will pay that amount, but payment is not scheduled to occur until 2017. How much revenue should SM recognize in 2016.

Reference no: EM132385720

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