Assuming That the Initial Services to Be Performed by Flapper

question 86

Multiple Choice

Assuming that the initial services to be performed by Flapper Jack's subsequent to the signing are substantial and that collection of the receivable is reasonably assured,the journal entry required at signing would include a credit to:

• A)Unearned franchise fee revenue for $36,000.
• B)Unearned franchise fee revenue for $30,000.
• C)Franchise fee revenue for $36,000.
• D)Franchise fee revenue for $ 6,000.

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Definitions:

Sedatives

Substances that induce sedation by reducing irritability or excitement; they often have a calming or soothing effect and may be used to induce sleep.

Cannabis

A psychoactive drug from the Cannabis plant used for medical or recreational purposes, known for its THC content.

Extremely Tired

A state of profound physical or mental fatigue often requiring rest or sleep for recovery.

More Alert

A state of being very attentive and responsive to surroundings or occurrences.