If a License Is Acquired to Use Intellectual Property for a 5-Year

question 189

True/False

If a license is acquired to use intellectual property for a 5-year period, revenue always is recognized at the point in time the customer begins to benefit from the license.

---

Definitions:

Sperm Cells

Male gametes responsible for fertilizing the female ovum, initiating the development of a new organism.

Urethra

The tube leading from the bladder to the outside of the body, allowing urine to be expelled.

Sertoli Cells

Male reproductive cells that support, nourish, and regulate the sperm-producing cells.

Semen

A fluid containing spermatozoa and secretions from the male reproductive glands, involved in the fertilization process.