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A company entered into a 2-month contract for $50,000 on April 1. It earned $25,000

A company entered into a 2-month contract for $50,000 on April 1. It earned $25,000

A company entered into a 2-month contract for $50,000 on April 1. It earned $25,000 of the contract services in April and billed the customer. The company should
recognize the revenue when it receives the customer’s check

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