Barnard Bike Shop sells a bicycle to a customer for $600. Barnard offers to sell three tune-ups

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Barnard Bike Shop sells a bicycle to a customer for $600. Barnard offers to sell three tune-ups over the next three years for a total price of $150. The customer decides to purchase the tune-ups and pays a total of $750. Barnard uses the adjusted market 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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