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Fudgin [204]
3 years ago
11

Sparky Associates sells two licenses to Kim & Company on September 1, 2018. First, in exchange for $100,000, Sparky provides

Kim with a copy of its proprietary investment management software, which Sparky does not anticipate updating and which Kim can use permanently. Second, in exchange for $90,000, Sparky provides Kim with a three-year right to market Kim's financial advisory services under the name of Sparky Associates, which Sparky advertises on an ongoing basis. How much revenue will Sparky recognize in 2018 under this arrangement?

Business
1 answer:
timofeeve [1]3 years ago
4 0

Answer

The answer and procedures of the exercise are attached in the following archives.

Explanation  

You will find the procedures, formulas or necessary explanations in the archive attached below. If you have any question ask and I will aclare your doubts kindly.  

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