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TopChop sells hairstyling franchises. TopChop receives $56,000 from a new franchisee for providing initial training, equipment and furnishings that have a standalone selling price of $56,000. TopChop also receives $35,000 per year for use of the TopChop name and for ongoing consulting services (starting on the date the franchise is purchased). Carlos became a TopChop franchisee on July 1, 2016, and on August 1, 2016, had completed training and was open for business.
How much revenue in 2016 will TopChop recognize for its arrangement with Carlos?
the capital structure of blacksmith inc. at december 31 2011 included 18000 shares of 1 preferred stock and 38000
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Honolulu Novelties , Inc. makes two products, Hawaiian Fantasy and Tahitan Joy. Their revenue, cost, and sales data for the two products in 2013 follows : The company has developed a new product called the Samoan Delight. Assume that the company coul..
Compute the amount of realized gross profit to be recognized on the 2008 income statement, prepared using the installment-sales method.
How does the use of financial statements for predicting future cash flows as opposed to evaluating management performance enter the picture?
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