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Question 1 from June 2015

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA AAA Exams › Question 1 from June 2015

  • This topic has 3 replies, 2 voices, and was last updated 7 years ago by MikeLittle.
Viewing 4 posts - 1 through 4 (of 4 total)
  • Author
    Posts
  • December 2, 2015 at 6:59 pm #287060
    jemma242
    Member
    • Topics: 81
    • Replies: 96
    • ☆☆

    Hi

    Could you explain why in the license is not discussed as being an intangible asset?

    Thank you
    Jemma

    December 2, 2015 at 7:38 pm #287067
    MikeLittle
    Keymaster
    • Topics: 26
    • Replies: 22702
    • ☆☆☆☆☆

    Am I not correct …. the licence has been sold and the related revenue is either to be deferred or it is to be recognised dependent upon whether risks and rewards have been passed

    The licence no longer is an asset of the company

    December 2, 2015 at 9:46 pm #287083
    jemma242
    Member
    • Topics: 81
    • Replies: 96
    • ☆☆

    Ahh yes I understand now… was getting confused with question setter from june 2013… but it is obvious now its not Ted Co’s licence its the distributors.

    thank you

    December 3, 2015 at 8:42 am #287170
    MikeLittle
    Keymaster
    • Topics: 26
    • Replies: 22702
    • ☆☆☆☆☆

    You’re welcome

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