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Example 1: On June 1, 2020, Forde Auto Manufacturer sells for cash three-year maintenance contracts to its customers for $1,000,000. The customers will benefit from

Example 1: On June 1, 2020, Forde Auto Manufacturer sells for cash three-year maintenance contracts to its customers for $1,000,000. The customers will benefit from the maintenance contracts over the three-year protection period

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