[P2] FRANCHISE - xx RECOGNITION OF NET INCOME FROM...

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CHAPTER 4 FRANCHISE: FRANCHISOR’S POINT OF VIEW RECOGNITION OF FRANCHISE FEE Substantial Performance Non-refundable Collectible RECORD RECOGNITION OF REVENUE Franchise Fee: Cash Note (interest bearing @ face; non-interest bearing @ PV) xx xx xx Continuing franchise fee xx (Deferred) Revenue from franchise
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Unformatted text preview: xx RECOGNITION OF NET INCOME FROM FRANCHISE Franchise Fee: Cash Note (interest bearing @ face; non-interest bearing @ PV) xx xx xx Continuing franchise fee xx (Deferred) Revenue from franchise Cost of franchise Interest from note Expenses/indirect cost xx (xx) xx (xx) Income from Franchise xx...
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