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FASB staff paper assists with franchise fee recognition

by Ken Tysiac | Nov 17, 2018   ()

A new FASB staff paper provides information to private company franchisors as they decide how to recognize certain franchise fees under the new revenue recognition standard. The staff paper provides implementation examples and primarily targets questions related to the use of judgment in identifying performance obligations, as requirements have changed under the new standard.
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Source: Journal of Accountancy

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