Search Elements:
Element was deprecated because the guidance from which this element is derived is no longer applicable.
2023
2023
- Taxonomy
- us-gaap
- Name
- RevenueRecognitionServicesFranchiseFees - (DEPRECATED)
- Label
- Revenue Recognition, Services, Franchise Fees [Policy Text Block]
- Period Type
- duration
- Type
- dtr-types:textBlockItemType
- Definition
- Disclosure of accounting policy for revenue recognition for franchising fees, which is consideration or a share of proceeds paid to the entity by another party for the right to operate a business using the entity''s name, merchandise, and supplies. Furthermore, discloses whether the installment or cost recovery method is being used to account for franchise fee revenue if no basis exists for estimating the collectability of specific franchise fees, the sales price of such franchises, the revenue and related costs deferred, the periods in which the fees will become payable by the franchisee, and fees originally deferred but later recognized because uncertainties regarding the collectability of the fees have been resolved.