Business, 09.03.2021 02:10 machucajazz34182

Enterprise Solutions Inc. licenses its productivity software to Blackmon Company for $100,000, payable at contract inception. Enterprise agrees to provide semiannual software upgrades over the 5-year length of the contract to enable Blackmon to benefit from any technological advancement. Enterprise concludes that the software license is not distinct from the promised upgrades. Required: What journal entries are necessary for Enterprise to account for this transaction

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Enterprise Solutions Inc. licenses its productivity software to Blackmon Company for $100,000, payab...