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What method shall be used by the franchisor to recognize

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Reference no: EM132817822

Problem 1: If the collection of the long-term note received as consideration for initial services rendered by Franchisor to Franchisee is unlikely but not remote, what method shall be used by the franchisor to recognize gross profit from initial franchise fee revenue?

A. Accrual basis
B. Cost recovery method
C. Installment method
D. Percentage of completion method

Reference no: EM132817822

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