Assume That Steffi Signed a $50,000 Installment Note When She

question 272

Multiple Choice

Assume that Steffi signed a $50,000 installment note when she signed the franchise agreement.RS can recognize revenue associated with the $50,000:

• A)When Steffi signs the agreement,so long as RS has sufficient experience with similar arrangements to estimate uncollectible accounts.
• B)As soon as RS has assisted Steffi in setting up the store,so long as RS has sufficient experience with similar arrangements to estimate uncollectible accounts.
• C)Gradually as RS provides advertising and administration services.
• D)When RS receives installment payments from Steffi,so long as RS has sufficient experience with similar arrangements to estimate uncollectible accounts.