Which of the Following Is Not True About Accounting for Revenue

question 169

Multiple Choice

Which of the following is not true about accounting for revenue from franchise arrangements?

• A) Franchise arrangements often include a performance obligation for a license as well as for delivery of goods or services.
• B) Franchise arrangements typically include one or more performance obligations for which revenue is recognized at a point in time.
• C) Franchise arrangements typically include one or more performance obligations for which revenue is recognized over a period of time.
• D) Franchise arrangements typically include one performance obligation because the goods or services included in the arrangement are not separately identifiable.

Understand subject-verb agreement.

Identify correct verb forms in different contexts.

Apply rules for singular and plural verb forms in sentences.

Comprehend the usage of verbs in present simple tense.

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Definitions:

Catatonic Depression

is a subtype of depression characterized by significant psychomotor disturbances, which may include motoric immobility or excessive, purposeless activity.

Major Depressive Episode

A period characterized by severely depressed mood or loss of interest in activities, along with other symptoms such as significant weight change, sleep disturbances, and feelings of worthlessness, lasting at least two weeks.

Seasonal Disorder

A type of depression related to changes in seasons, often worsening during certain times of the year.

Major Depressive Disorder

A mental health disorder characterized by persistent feelings of sadness, hopelessness, and a lack of interest or pleasure in activities, significantly affecting daily functioning.