Question: For $ 5 0 a month, Raymond Co . visits its customers' premises and performs insect control services. If customers experience problems between regularly scheduled

For $

50

a month, Raymond Co

.

visits its customers' premises and performs insect control services. If customers experience problems between regularly scheduled visits, Raymond likes service calls at no additional charge. Instead of paying monthly, customers may pay an annual fee of $

540

in advance. For a customer who pays the annual fee in advance, Raymond should recognize the related revenue under U

.

.

GAAP:

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