[Solved] Which of the Following Is Not True About Accounting for Revenue

Question 147
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 and 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 and services included in the arrangement are not separately identifiable.

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