Thursday, July 31, 2014 6:16:02 PM
If Circ is recording revenue that is generated from the Playboy trademark, then accounting rules require Circ to record (accrue) any associated costs, including the trademark royalties) for generating that revenue. The trademark royalties are part of that cost so they need to be recorded. You can't record the revenue without the costs. My accounting sources are very reliable.
That is totally different from legal fees, putting on hold payments, etc.
No matter what the outcome of the trademark dispute CIRC will likely have to pay all back royalties.
My guess is that the trademark agreement will be discontinued, similar to the Starbucks Kraft situation.
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