What was the effect on earnings per share of these sales to franchisees? E) BVchargesfranchiseesvariousfeesanddisclosestheminasomewhatconfusingmanner.The...
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What was the effect on earnings per share of these sales to franchisees? E) BVchargesfranchiseesvariousfeesanddisclosestheminasomewhatconfusingmanner.The income statement shows, in revenues: Royalties and other fees $8,142,000 However, Note 1 to the financial statements lists: Royalties and other fees $7,590,000 Area Development fees 550,000 Initial franchise fees 2,415,000
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