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Indian fiver Company assigas some of its patents to other enterprises under a variety of...

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Accounting

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Indian fiver Company assigas some of its patents to other enterprises under a variety of licensirg agreements. in some instances, sdvance royaities are recened when the agreements are signed, and in others royaltes are remitted within sixy days after each lcense year-end. The felowing data are included in the teecomber 31 balsice sheet During 202Gi ind an fover recerved royalty remittances of 5200,000 in its income statement for the year ended December 31,2026 ind an Rover thould report royaty income of select one: a. 5230,000 b. $195,000 c 5215000 d. 5T85,000 - 5205000

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