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Business, 22.03.2021 20:50 letdou2670

Prepare the journal entries in 2020 for the franchisor under the following assumptions. (a) No future services are required by the franchisor once the franchise starts operations. (b) The franchisor has substantial services to perform, once the franchise begins operations, to maintain the value of the franchise. (c) The total franchise fee includes training services (with a value of $2,700) for the period leading up to the franchise opening and for 2 months following opening.

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Prepare the journal entries in 2020 for the franchisor under the following assumptions. (a) No futur...
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