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According to FASB, initial franchise fees should be recognized as income when
A. the franchisee shows the ability to pay the fee.
B. the franchisor has collected the majority of fee in cash.
C. the franchisor has substantially performed or satisfied all material services and conditions.
D. the franchisor bills the franchisee.
Answer: C
Explanation:
Explanation/Reference:
Explanation:
Accounting and reporting standards for franchisors require that revenue be recognized when the franchisor has substantially performed or satisfied all material services and conditions.
NEW QUESTION: 2
DRAG And DROP]
You are developing a Windows Store app. You need to identify the appropriate REST verbs for the app.
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1. DELETE 2.GET 3.MERGE 4.POST 5.PUT
Answer:
Explanation:
A4,B1,C2,D5,E3
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B. To build an enterprise-scale application that encourages reuse, including the Enterprise Class Structure
C. To build a simple application that will be used for prototyping
D. To build an application "from scratch", when an Application Profile is not necessary or available
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B. The first configured interface is selected.
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D. In-band is preferred.
Answer: D
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Feedbacks
Aalk - 2014-05-05 16:45:18
Plato - 2014-05-05 16:45:51
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Eleanore - 2014-09-28 16:36:48