Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. revenue for sales-based royalty payments should be

Revenue for sales-based royalty payments should be recognized a. on the date the performance obligation...

50.1K

Verified Solution

Question

Accounting

Revenue for sales-based royalty payments should be recognized

a. on the date the performance obligation is satisfied.

b. on the date the contract was signed.

c. when the amount of sales can be determined.

d. on the date payment is received by the franchisor.

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Q

compare dsDNA to ssDNA and dsRNA to ssRNA and DNA to RNA

Biology
Q

Cystic fibrosis is a rare disease caused by homozygosity for a recessive allele, and characterized by...

Biology
Q

How does an infectious disease become a pandemic disease? Include using key terms reservoir, mode/ vehicle...

Biology
Q

In steady state current flow through resistance R in given figure R wwww E E...

Physics
Q

Monthly sales of a particular computer are expected to decline at the following rate of...

Calculus
Q

Identify the quadrant in which the following point is located 2 3 1 2 Choose...

Calculus
Q

pickett, inc. recorded its monthly transactions in the journal, but failed to record a transaction...

Accounting
Q

How to solve Q12023 and Q22023 NAV of the fund using updated prices for the...

Accounting
Q

For proper controls over PP&E, periodic physical inventory counts should encompass which of the following...

Accounting
Q

Last part!!! Help pls. After starting his first full-time...

Accounting
Q

Variance and standard deviation (expected). Hull Consultants, a famous think tank in the Midwest, has...

Finance
Q

Problem 4 (3 points): Assume that two zero-coupon bonds maturing in 210 days and in...

Finance