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Fuji Computers entered a five - year insurance contract with Tokyo AFM against earthquake damage to its headquarters building. As is customary, it paid the

Fuji Computers entered a five

-

year insurance contract with Tokyo AFM against earthquake damage to its headquarters building. As is customary, it paid the

100

million premium for the five

-

year coverage up front in cash.

Question How would you recognize revenues associated with this type of catastrophe

insurance contract?

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