Rodgers estimates that sales of the trademarked items would total $67,000 for July through December 2018. On their statement of comprehensive income for calendar 2018, Mark-Wall’s royalty revenue should be
A. $8,040.
B. $14,000.
C. $14,040.
D. $21,000.
Answer:C
Rodgers estimates that sales of the trademarked items would total $67,000 for July through December 2018. On their statement of comprehensive income for calendar 2018, Mark-Wall’s royalty revenue should be
A. $8,040. B. $14,000. C. $14,040. D. $21,000.