Question: On September 1, 2019, you entered into a 36-month Unlimited & More phone plan with T-Mobile, which is a goods and services tax-registered company with

On September 1, 2019, you entered into a 36-month Unlimited & More phone plan with T-Mobile, which is a goods and services tax-registered company with a December 31 financial year-end. The terms of the plan are as follows:

(1) Monthly fixed fee: $41.60 (to be billed monthly)

(2) Free iPad at the inception of the plan

(3) T-Mobile sells the same iPad for $156 and the same monthly plans without iPad for $38.48 per month.

(4) All amounts stated are inclusive of 4% tax.

Under ASC 606, how much T-Mobile should recognize revenue for the September 1, 2019 contract at the end of fiscal-year end in 2019? Round all amounts, including a percentage to the nearest tenths.

A. $253.3

B. $270.0

C. $316.4

D. $0

E. $156.0

F. $280.8

G. $322.4

H. $257.9

I. $290.0

J. $256.4

K. $289.2

L. $150.0

M. $261

N. $450.0

O. $280.0

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