Sullivan Software sells packages of a software program and one year's worth of technical support for$500. Its packaging lists the $500 sales price as comprised of a software program and technical support. All of Sullivan's sales are for cash, and there are no returns. Sullivan sells the software program separately for $475 and offers a year of technical support separately for $75. 

What is the amount of revenue that GAAP, regarding software revenue recognition, would require Sullivan to attribute to the software program?

Answer rating: 100% (QA)

Under GAAP Generally Accepted Accounting Principles when software is sold bundled with other goods o... View the full answer