Question
US GAAP (FAS No. 45) is applied to determine whether there is substantial performance of the initial services required in the contract. Which of the
US GAAP (FAS No. 45) is applied to determine whether there is substantial performance of the initial services required in the contract.
Which of the following does not indicate that the nature of an entity's promise to transfer a license is to provide the customer the right to access the entity's intellectual property as it exists throughout the license period?
A.The intellectual property to which the customer has rights changes throughout the license period.
B.The entity continues to be involved with its intellectual property
C.The contract requires, or the customer reasonably expects, that the entity will undertake activities that significantly affect the intellectual property to which the customer has rights and the customer is exposed to any positive or negative effects of those activities.
D.The customer can direct the use of, and obtain substantially all of the remaining benefits from, the license at the point in time at which the license is granted.
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