"In the fourth quarter of fiscal 2019, we licensed the rights to sell and market...
50.1K
Verified Solution
Link Copied!
Question
Accounting
"In the fourth quarter of fiscal 2019, we licensed the rights to sell and market our products in authorized channels to Nestle and also received upfront royalties. This type of revenue will be recognized as "other revenue" on a straight-line basis over the estimated economic life of the arrangements of 40 years." This is an example of one-time charge materiality historical cost deferred revenue
Answer & Explanation
Solved by verified expert
Get Answers to Unlimited Questions
Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!
Membership Benefits:
Unlimited Question Access with detailed Answers
Zin AI - 3 Million Words
10 Dall-E 3 Images
20 Plot Generations
Conversation with Dialogue Memory
No Ads, Ever!
Access to Our Best AI Platform: Zin AI - Your personal assistant for all your inquiries!
