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D is corrent. The requirement is to determine the amount of year 3 royalty payments. Royalty expense in year 3 totaled $375,000. However, this amount must be adjusted for changes in the related accounts to determine how much cash was paid for royalties.


A is incorrect.  Royalty expense in year 3 totaled $375,000. However, this amount must be adjusted for changes in the related accounts to determine how much cash was paid for royalties.


B is incorrect. Royalty expense in year 3 totaled $375,000. However, this amount must be adjusted for changes in the related accounts to determine how much cash was paid for royalties.


A is incorrect.  Royalty expense in year 3 totaled $375,000. However, this amount must be adjusted for changes in the related accounts to determine how much cash was paid for royalties.