how?

on January 1, 20x1, Baguio Beans, a well-known basketball team' of its name and logo to a customer. The customer, an apparel designer, has the right to use Baguio Beans' name and logo on items including t-shirts, caps, mugs and towels for two years. In exchange for providing the license, Baguio Beans will receive a fixed consideration of 200,000 and a royalty of 20% of the sales price of any items using the team name or logo. The customer expects that Baguio Beans will continue to play games and provide a competitive team. The license is transferred to the customer at contract inception. The customer reports sales of 1,000,000 for the year. How much revenue will Baguio Beans recognize from the contract in 20x1?

a. 200,000

b. 400,000

c. 100,000

d. 300,000

No.19 On January 1, Zkl, Feedback, a music record label, licenses to a customer a 19?5 recording of a classical symphony by a noted orchestra. The customer. a consumer products company. has the right to use the record symphony in all commercial, including television. radio and online advertisements for 2 years in the Philippines. In exchange for providing the license. Feedback receives a fixed consideration of Pl per month. The contract does not include any othergoods orservices of be provided by Feedback. The contract is non-cancellable. The license is transferred to the customer on January 1, Zxl. The appropriate discount rate is 12%. How much contract revenue {excluding interest revenue] will Feedback recognize in 20x1. 240.D lEU 202.805 212,434 0000