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Saar Associates sells two licenses to Kim & Company on September 1, 2018. First, in exchange for $104,000, Saar provides Kim with a copy of its proprietary investment management software, which Saar does not anticipate updating and which kim can use permanently. Second, in exchange for $93,600, Saar provides Kim with a four-year right to market Kim's financial advisory services under the name of Saar Associates, which Saar advertises on an ongoing basis. The trade name "Saar Associates" is not...
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Brief Exercise 6-24 (Algo) Timing of revenue recognition; licenses (L06-7] Saar Associates sells two licenses to Kim & Company on September 1, 2021. First, in exchange for $179,000, Saar provides Kim with a copy of its proprietary investment management software, which Saar does not anticipate updating and which Kim can use permanently. Second, in exchange for $153,000, Saar provides Kim with a three-year right to market Kim's financial advisory services under the name of Saar Associates, which Saar advertises on...
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Check my work Brief Exercise 6-24 (Algo) Timing of revenue recognition; licenses (L06-7) 10 points Saar Associates sells two licenses to Kim & Company on September 1, 2021. First, in exchange for $63,000, Saar provides Kim with a copy of its proprietary investment management software, which Saar does not anticipate updating and which Kim can use permanently. Second, in exchange for $54,000, Saar provides Kim with a three-year right to market Kim's financial advisory services under the name of Saar...
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please correct and complete both problems
Brief Exercise 6-25 (Algo) Timing of revenue recognition; licenses (L06-7) Saar Associates sells two licenses to Kim & Company on September 1, 2021. First, in exchange for $110.000, Saar provides Kim with a copy of its proprietary investment management software, which Saar does not anticipate updating and which kim can use permanently. Second, in exchange for $99,000, Saar provides Kim with a four-year right to market Kim's financial advisory services under the name of...
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correct the first problem then complete the second
problem
Brief Exercise 6-25 (Algo) Timing of revenue recognition; licenses (L06-7] Saar Associates sells two licenses to Kim & Company on September 1, 2021. First, in exchange for $110,000, Saar provides Kim with a copy of its proprietary investment management software, which Saar does not anticipate updating and which kim can use permanently. Second, in exchange for $99,000, Saar provides Kim with a four-year right to market Kim's financial advisory services under...
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assume the same facts as in BE-5-23. how much revenue will
Saar recognize in 2018 under this arrangement if Saar report under
IFRS
Saar Associates, which Saar advertises on an ongoing basis. How much revenue will Saar recognize in 2018 under this arrangement? The Role of Accounting as an Information System SECTION 1 278 mar- ketplace and the owner provides no advertising or other benefits to a licensee of the Saar Associates trade pu during the license period. How much...
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Kim with a three-year right to market Kim's financial advisory services The trade name "Saar Associates in the marketplace and the owner provides no advertising or other benefits to a How much revenue will Saar recognize in 2018 under this arrangement If Saar reports under U.S. GAAP? (Do not round
Saar Associates sells two licenses to Kim & Company on September 1, 2018. First, in exchange for $104,000, Saar provides Kim with a copy of its proprietary investment management software, which Saar does not anticipate updating and which kim can use permanently. Second, in exchange for $93,600, Saar provides Kim with a four-year right to market Kim's financial advisory services under the name of Saar Associates, which Saar advertises on an ongoing basis. The trade name "Saar Associates" is not...
Brief Exercise 6-24 (Algo) Timing of revenue recognition; licenses (L06-7] Saar Associates sells two licenses to Kim & Company on September 1, 2021. First, in exchange for $179,000, Saar provides Kim with a copy of its proprietary investment management software, which Saar does not anticipate updating and which Kim can use permanently. Second, in exchange for $153,000, Saar provides Kim with a three-year right to market Kim's financial advisory services under the name of Saar Associates, which Saar advertises on...
Check my work Brief Exercise 6-24 (Algo) Timing of revenue recognition; licenses (L06-7) 10 points Saar Associates sells two licenses to Kim & Company on September 1, 2021. First, in exchange for $63,000, Saar provides Kim with a copy of its proprietary investment management software, which Saar does not anticipate updating and which Kim can use permanently. Second, in exchange for $54,000, Saar provides Kim with a three-year right to market Kim's financial advisory services under the name of Saar...
please correct and complete both problems
Brief Exercise 6-25 (Algo) Timing of revenue recognition; licenses (L06-7) Saar Associates sells two licenses to Kim & Company on September 1, 2021. First, in exchange for $110.000, Saar provides Kim with a copy of its proprietary investment management software, which Saar does not anticipate updating and which kim can use permanently. Second, in exchange for $99,000, Saar provides Kim with a four-year right to market Kim's financial advisory services under the name of...
correct the first problem then complete the second
problem
Brief Exercise 6-25 (Algo) Timing of revenue recognition; licenses (L06-7] Saar Associates sells two licenses to Kim & Company on September 1, 2021. First, in exchange for $110,000, Saar provides Kim with a copy of its proprietary investment management software, which Saar does not anticipate updating and which kim can use permanently. Second, in exchange for $99,000, Saar provides Kim with a four-year right to market Kim's financial advisory services under...
assume the same facts as in BE-5-23. how much revenue will
Saar recognize in 2018 under this arrangement if Saar report under
IFRS
Saar Associates, which Saar advertises on an ongoing basis. How much revenue will Saar recognize in 2018 under this arrangement? The Role of Accounting as an Information System SECTION 1 278 mar- ketplace and the owner provides no advertising or other benefits to a licensee of the Saar Associates trade pu during the license period. How much...
Kim with a three-year right to market Kim's financial advisory services The trade name "Saar Associates in the marketplace and the owner provides no advertising or other benefits to a How much revenue will Saar recognize in 2018 under this arrangement If Saar reports under U.S. GAAP? (Do not round