show your solution for this one in a good accounting form. I would prefer if you present it in an excel. you so much! Transcribed Image Text: Guardians Fund Managers

show your solution for this one in a good accounting form. I would prefer if you present it in an excel. you so much! Transcribed Image Text: Guardians Fund Managers Company
sells two licenses to XYZ Company
on September 1, 20×6. First in
exchange for P400,000, the
company provides XYZ with a copy
of its proprietary investment
management software, which the
company does not anticipate
updating and which XYZ can
permanently use. Second, in
exchange for P360,000, the
company provides XYZ with a three-
year right to market the company’s
financial advisory services under the
name of Guardians, which the
company advertises on an ongoing
basis. How much revenue will the
company recognize in 20×6 under
this arrangement?

Need your ASSIGNMENT done? Use our paper writing service to score better and meet your deadline.


Click Here to Make an Order Click Here to Hire a Writer