TRUE OR FALSE (Shows references are required) 6. Revenue on a multiple-deliverable contract typically allocated to independent parts of the 7. Recognition of franchise fee revenue is dependent on judgments of both substantial 8. Initial franchise fees always recognized on the date they received. capacitantes #7: El estudiante computar el ingreso a ser reconocido en contratos a largo plazo. SELECT THE BEST ANSWER (Shows references and computations are required) 1. When accounting for revenue over time for a long-term contract, the percentage of contract based on their relative selling prices. performance and fee collectability completion used to recognize revenue in the first year usually is determined by measuring: A) Costs incurred in the first year, divided by estimated remaining costs to complete the project. B) Costs incurred in the first year, divided by estimated total costs for the completed project. C) Costs incurred in the first year, divided by estimated gross profit. D) Costs incurred in the first year, divided by estimated total costs to incurred in the remaining years of the project