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