Answer both please

Which of the following is correct about changes in estimated variable consideration? Changes in estimated variable consideration should be recognized as an adjustment to revenue in the period the change in estimate is made Changes in estimated variable consideration should be applied retroactively to all periods affected Changes in estimated variable consideration should be allocated retrospectively to all prior periods Changes in estimated variable consideration are not recognized in periods after transaction price is first estimated Question 19 The Fremont (Ireland) Flyers were a semi-professional carriage racing team that competed up until the early 1930's. Mary Smith owns the Fremont Fliers' trademark, and recently licensed it to the Fremont (California) Flyers roller derby team. The license allows the roller derby team to use the trademark for five years for a total of $15,000. Under U.S. GAAP, how much revenue would Mary recognize in year 1 of the license? 0 1,500 3,000 15,000