Saar Associates sells two licenses to Kim & Company on September 1, 2016. First, in...
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Saar Associates sells two licenses to Kim & Company on September 1, 2016. First, in exchange for $150,000, 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 $117,000, Saar provides Kim with a three-year right to market Kims financial advisory services under the name of Saar Associates, which Saar advertises on an ongoing basis
How much revenue will Saar recognize in 2016 under this arrangement?
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