Barnard Bike Shop sells a bicycle to a customer for $750. The bicycle comes with free annual

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Barnard Bike Shop sells a bicycle to a customer for $750. The bicycle comes with free annual tune-ups for three years. The charge for tune-ups sold separately is $60. Barnard uses the residual approach.
Required:
Allocate the transaction price to the performance obligations.
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Financial Reporting and Analysis

ISBN: 978-1259722653

7th edition

Authors: Lawrence Revsine, Daniel Collins, Bruce Johnson, Fred Mittelstaedt, Leonard Soffer

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