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These excerpts taken from the MSFT 10-K filed Jul 30, 2009. Volume Licensing Programs Represents customer billings for multi-year licensing arrangements, paid either upfront or annually at the beginning of each billing coverage period, which are accounted for as subscriptions with revenue recognized ratably over the billing coverage period. Volume licensing programs Represents customer billings for multi-year licensing arrangements, paid either upfront or annually at the beginning of each billing coverage period, which are accounted for as subscriptions with revenue recognized ratably over the billing coverage period. | EXCERPTS ON THIS PAGE:
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