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According to FASB, initial franchise fees should be recognized as income when
A. the franchisor has substantially performed or satisfied all material services and conditions.
B. the franchisor bills the franchisee.
C. the franchisee shows the ability to pay the fee.
D. the franchisor has collected the majority of fee in cash.
Answer: A
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]
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Answer:
Explanation:
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NEW QUESTION: 3
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B. To build an enterprise-scale application that encourages reuse, including the Enterprise Class Structure
C. To build an application profile that will be fed into the Application Accelerator
D. To build a simple application that will be used for prototyping
Answer: D
NEW QUESTION: 4
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A. The interface that has the highest priority is selected.
B. Out-of-band is preferred.
C. In-band is preferred.
D. The first configured interface is selected.
Answer: C
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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