Paris paid Cherry $333,333 on 12/31/2020 for the exclusive right to market a particular product using the Cherry Co name and logo in promotional material. The franchise follows the rules of Going Concern What is the net impact on net income of any entry(ies) necessary related to the franchise at 12/31/2021?
1. Paris paid Cherry $333,333 on 12/31/2020 for the exclusive right to market a particular product using the Cherry Co name and logo in promotional material. The franchise follows the rules of Going Concern
What is the net impact on net income of any entry(ies) necessary related to the franchise at 12/31/2021?
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