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.

---

Definitions:

Alexander Calder

An American sculptor known for inventing the mobile, a type of kinetic sculpture that moves with air currents.

Mobile

A kind of sculpture, invented by Alexander Calder, combining nonobjective organic forms and motion in balanced structures hanging from rods, wires, and colored, organically shaped plates.

Kinetics

The branch of physics that deals with the motion of objects and the forces that cause this motion, or, in art, works that incorporate movement as part of their design.

José Clemente Orozco

A prominent Mexican painter who specialized in murals that established the Mexican Mural Renaissance along with Diego Rivera and David Alfaro Siqueiros.