Jaymar Software Corporation Sells SPAM BE GONE to Customers, Who

question 111

Multiple Choice

Jaymar Software Corporation sells SPAM BE GONE to customers, who receive the software and have access to postdelivery telephone support and the right to receive certain upgrades and enhancements if and when Jaymar Software develops them.Jaymar Software sells SPAM BE GONE for approximately $100; customers pay cash or with a credit card.When should Jaymar Software recognize revenue from selling SPAM BE GONE?

• A)It recognizes revenue from sale of the software at the time of delivery and revenue associated with future obligations over the product's life cycle.
• B)It recognizes revenue from sale of the software over the product's life cycle and revenue associated with future obligations at the time of delivery.
• C)It recognizes revenue from sale of the software and the revenue associated with future obligations over the product's life cycle.
• D)It recognizes revenue from sale of the software and the revenue associated with future obligations at the time of delivery.
• E)none of the above.

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