In accrual accounting, you record transactions as they occur, not when payment is received or made. Assume that you sell a $3-$year service contract for $$150$ million at the start of a fiscal year, and that you get paid half of that amount up front and the other half two years from now. Using accrual accounting principles, how much should you show as revenues this year?

$$50$ million

$$75$ million

$$125$ million

$$150$ million

None of the above