Jaymar Software Corporation sells SPAM BE GONE to customers, who receive the software and have access to postdelivery telephone support and the right to receive certain upgrades and enhancements if and when Jaymar Software develops them. Jaymar Software sells SPAM BE GONE for approximately $100; customers pay cash or with a credit card. When should Jaymar Software recognize revenue from selling
SPAM BE GONE?
a. It recognizes revenue from sale of the software at the time of delivery and revenue associated with future obligations over the product's life cycle.
b. It recognizes revenue from sale of the software over the product's life cycle and revenue associated with future obligations at the time of delivery.
c. It recognizes revenue from sale of the software and the revenue associated with future obligations over the product's life cycle.
d. It recognizes revenue from sale of the software and the revenue associated with future obligations at the time of delivery.
e. none of the above.
A
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Which of the following documents would NOT be filed with an appellate court?
A. the trial judge's confidential correspondence with the appellate court suggesting how it should rule B. all or relevant portions of the trial record C. the appellant's opening brief D. the appellee's responding brief
Bond A has a 9% annual coupon while Bond B has a 6% annual coupon. Both bonds have a 7% yield to maturity, and the YTM is expected to remain constant. Which of the following statements is CORRECT?
A. The prices of both bonds will remain unchanged. B. The price of Bond A will decrease over time, but the price of Bond B will increase over time. C. The prices of both bonds will increase by 7% per year. D. The prices of both bonds will increase over time, but the price of Bond A will increase by more. E. The price of Bond B will decrease over time, but the price of Bond A will increase over time.
Ordinances are not codified into code books
Indicate whether the statement is true or false
Joanne Spitz gives a landlord $100 to hold an apartment for a day while the landlord has a written lease prepared overnight containing a rental clause for $800 per month
The next day on the way to sign the lease, she sees another apartment much cheaper that she wants, and wants to cancel the first deal. Which of the following statements is true bout the $100 payment? A) It is a down payment and the landlord can only claim any actual loss. B) It is a down payment and is lost on cancellation by Joanne C) It is a deposit and is lost on cancellation by Joanne D) It is a deposit and must be given back to Joanne on cancellation. E) It is a deposit but the landlord can only keep it if he has actual loss because of the cancellation.