Question
A songwriter signs a contract to allow their work to be used in a car commercial on April 1. The songwriter will be paid $0.01
A songwriter signs a contract to allow their work to be used in a car commercial on April 1. The songwriter will be paid $0.01 each time the song is played on the TV. During the month of August, the song was played 10,000 times on TV, resulting in a royalty earned of $100. This amount was paid to the songwriter in October. The songwriter's company year end is November 30. In which month should the songwriter recognize the $100 of royalty revenue?
A. April
B. August
C. October
D. November
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