Chapter $8.(5$ Problem sets$)$

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StilesTech provides laptop$-$related maintenance services to Palm. In exchange, StilesTech received $150$ shares of Palm no$-$par common stock. Determine the transaction price in the contract for the following scenarios: $($a$)150$ shares of Palm's stock are traded on an active market for $$56,000.$ The standalone value of the maintenance services is $$59,000.($b$)$ Palm is privately held, maloing it difficult to estimate the fair value of the shares given in exchange for the maintenance services.

Determine the transaction price for scenario $($a$).$

$\backslash$table$[[$The transaction price is$,$$$56,000$