Under IFRS 15, when shall a franchisor recognize revenue from the contingent franchise fee or revenue for a sale-based royalty? Question 8Answer When the performance obligation to which or all the contingent franchise fees or sales-based royalty has been satisfied or partially satisfied When either the sales of the franchisee occur or the performance obligation to which or all the contingent franchise fees or sales-based royalty has been satisfied or partially satisfied When both the sales of the franchisee occur and the performance obligation to which or all the contingent franchise fees or sales-based royalty has been satisfied or partially satisfied When the sales of the franchisee occur