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Membership Tiers

For revenue recognition/reporting, if we offer discounts depending on how customers prepay, how do we recognize this? For example, if a monthly subscription is normally $50, but we offer a 3 month membership for $120 (if the customer prepays) do we report gross revenue as $150 and a discount of $30...or gross revenue of $120 with no discount? Appreciate the help & if someone can point me to FASB guidance, that would be great. Thanks!!

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