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D is corrent. The requirement is to determine the amount that should be reported as franchise revenue. Revenue can be recognized only when all material services or conditions relating to the sale have been substantially performed by the franchisor. Since North’s services were not complete in the current year, no revenue can be recognized in the current year.
A is incorrect. Revenue can be recognized only when all material services or conditions relating to the sale have been substantially performed by the franchisor. Since North’s services were not complete in the current year, no revenue can be recognized in the current year.  
A is incorrect. Revenue can be recognized only when all material services or conditions relating to the sale have been substantially performed by the franchisor. Since North’s services were not complete in the current year, no revenue can be recognized in the current year.  
A is incorrect. Revenue can be recognized only when all material services or conditions relating to the sale have been substantially performed by the franchisor. Since North’s services were not complete in the current year, no revenue can be recognized in the current year.