Revenue recognition from license The licenses are providing the right to sell product and services. In this license, the seller should recognize the revenue at the time of transfers of such rights of use. When the seller satisfies the performance obligation, the customer receives the seller’s ongoing activities. Therefore, the revenue is recognized over the period of time to access property. To determine: The amount of revenue will recognize by S Associate in the year 2018 if reports under U.S GAAP.

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Chapter 5, Problem 5.23BE

To determine

Revenue recognition from license

The licenses are providing the right to sell product and services. In this license, the seller should recognize the revenue at the time of transfers of such rights of use. When the seller satisfies the performance obligation, the customer receives the seller’s ongoing activities. Therefore, the revenue is recognized over the period of time to access property.

To determine: The amount of revenue will recognize by S Associate in the year 2018 if reports under U.S GAAP.

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