CAF-6 · Chapter 5 · Question 15 of 15
Revenue from a license that provides a 'Right to Use' the entity's intellectual property is recognized:
Test yourself: pick an answer
Reveal answer & explanation
Correct answer: B) At a point in time when the license is granted.
Explanation
A 'right to use' license is satisfied at a point in time (the date the license is granted), whereas a 'right to access' is satisfied over time.
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