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ASC 606 - Revenue from contract with customers

D M's Profile

I have a question about the recognition of the upfront set-up fees per new GAAP. My understanding is that those should be spread over the life of a contract. Is that correct?
Also, in regards to the implementation for private entities - as of 1/2019 should the revenue be restated old GAAP vs. new GAAP?
Thanks for help.

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