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3. Spectrum Inc. is entering into a revenue contract with a new customer for $16,000. Spectrum agrees to pay an up-front fee of $2,000 to

3. Spectrum Inc. is entering into a revenue contract with a new customer for $16,000. Spectrum agrees to pay an up-front fee of $2,000 to the new customer in order to obtain the new contract as a way to compensate the customer for additional up-front processing costs. This payment is not associated with any distinct goods or services

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