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In October of year 0, Janine received a $5,000 payment from a client for 25 months of security services she will provide starting on November
In October of year 0, Janine received a $5,000 payment from a client for 25 months of security services she will provide starting on November 1 of year 0. This amounts to $200 per month. What amount of revenue must Janine recognize in year 1 from the $5,000 advance payment for services if she uses the accrual method of accounting?
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