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Chartered Financial Analyst Level 2

Chartered Financial Analyst Level 2

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54 An analyst gathers the following information about a company's software sales in the beginning of the most recent year:
  • Software license component: $3.6 million
  • Support service component during the contract period: $2.4 million
  • Contract period: 3 years

What is the most appropriate revenue to be recognized in the most recent year?

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