Martin Software Developers, Inc. recently signed a contract for $ 1,600,000 to create a registration, grade report,
Question:
Description Standalone Selling Prices
Registration System……………………… $ 500,000
Grade Reporting System………………… 800,000
Transcript System………………………. 700,000
Total $ 2,000,000
How should Martin allocate the $ 1,600,000 transaction price across the performance obligations?
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Related Book For
Intermediate Accounting
ISBN: 978-0132162302
1st edition
Authors: Elizabeth A. Gordon, Jana S. Raedy, Alexander J. Sannella
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