Paw Gallery and Shell Portraits both offer downloadable photographs to their customers. Paw Gallery has a collection of animal photographs that may be downloaded by its subscribers. Subscribers pay an annual fee for an access code allowing the user to download images from the site. Shell Portraits takes photographs at the customer's location. Shell emails each customer a unique code to access their photos once they are completed. The access code is active for one week after it has been delivered. Both Paw and Shell allow unlimited reproduction of their images. When should Paw and Shell recognize revenue for these image sales? Paw Gallery Shell Portraits A. At access code delivery At access code delivery B. At access code delivery Over access duration C. Over access duration At access code delivery D. Over access duration Over access duration
Paw Gallery and Shell Portraits both offer downloadable photographs to their customers. Paw Gallery has a collection of animal photographs that may be downloaded by its subscribers. Subscribers pay an annual fee for an access code allowing the user to download images from the site. Shell Portraits takes photographs at the customer's location. Shell emails each customer a unique code to access their photos once they are completed. The access code is active for one week after it has been delivered. Both Paw and Shell allow unlimited reproduction of their images. When should Paw and Shell recognize revenue for these image sales? Paw Gallery Shell Portraits A. At access code delivery At access code delivery B. At access code delivery Over access duration C. Over access duration At access code delivery D. Over access duration Over access duration
Intermediate Accounting: Reporting And Analysis
3rd Edition
ISBN:9781337788281
Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Chapter17: Advanced Issues In Revenue Recognition
Section: Chapter Questions
Problem 10E: WaterWorld Inc. operates an aquarium and water park in Orlando, Florida. In addition to daily...
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Paw Gallery and Shell Portraits both offer downloadable photographs to their customers. Paw Gallery has a collection of animal photographs that may be downloaded by its subscribers. Subscribers pay an annual fee for an access code allowing the user to download images from the site. Shell Portraits takes photographs at the customer's location. Shell emails each customer a unique code to access their photos once they are completed. The access code is active for one week after it has been delivered. Both Paw and Shell allow unlimited reproduction of their images. When should Paw and Shell recognize revenue for these image sales?
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