To determine the appropriate treatment of the licensing fee revenue, we need to consult the FASB Accounting Standards Codification. According to ASC $606-10-25-23,$ revenue should be recognized when $($or as$)$ the entity satisfies a performance obligation by transferring a promised good or service to a customer. Given this guidance, the CFO's position is supported, as the promotional toys and the related revenue are tied to the release and subsequent performance of the movie. Therefore, recognizing the revenue prior to the film's release would be premature and not in alignment with the principle of recognizing revenue as performance obligations are fulfilled. The CFO's recommendation to delay revenue recognition until the release of the movie is consistent with ASC $606-10-25-23,$ ensuring that the revenue is matched appropriately with the performance of the related film.