All revenue will be recorded but not all of it will hit the Income Statement immediately; some of it will be recorded as "Deferred Revenue" on the Balance Sheet (at least if they want the financial statements to be audited). When the actual cash is received has no bearing on when the revenue hits the Income Statement. The $1.5 million will be amortized over the life of the agreement. Does anyone the expiration date of the agreement? Until that is known, there is no way to determine how much of the $1.5 million will get recorded as revenue on the Income Statement in what time periods.
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