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

question 132

Multiple Choice

Assume that Steffi signed a $50,000 installment note when she signed the franchise agreement. RS has no experience estimating uncollectible accounts associated with these sorts of notes. They can recognize

• A)$50,000 of revenue when Steffi signs the agreement.
• B)$50,000 of revenue as soon as they have assisted Steffi in setting up the store.
• C)revenue under the installment method, starting when Steffi signs the agreement.
• D)revenue under the installment method, as soon as they have assisted Steffi in setting up the store.Substantial performance has occurred, but can't estimate bad debts, so use the installment method.