TopTel Co provides a bundled service package to J Willis for $2000 upfront The service package includes upfront advice on call advice database access for a 1 year period If each service was sold separately to J Willis the fees would be Up front advice $400 On call advice $1800 Database access $600 ...

To determine the revenue recognized for the database access using ...

TopTel Co provides a bundled-service package to J. Willis for $2000 upfront. The service package includes: upfront

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TopTel Co provides a bundled-service package to J. Willis for $2000 upfront. The service package includes:

upfront advice
‘on-call’ advice
database access for a 1-year period.

If each service was sold separately to J. Willis the fees would be:

Up-front advice: $400

On-call advice : $1800

Database access: $600

Using the relative fair value approach, the amount of revenue recognised in relation to the database access is (rounded to the nearest whole dollar):

Select one:

a. $429.

b. indeterminable based on the facts provided.

c. $286.

d. $1286.

Related Book For answer-question

Financial Accounting and Reporting a Global Perspective

ISBN: 978-1408076866

4th edition

Authors: Michel Lebas, Herve Stolowy, Yuan Ding

See More Books

Posted Date: Jan 15, 2024 02:47 AM

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TopTel Co provides a bundled-service package to J. Willis for $2000 upfront. The service package includes: upfront

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Financial Accounting and Reporting a Global Perspective

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