The transaction price is allocated to each performance obligation based on the standalone selling price. Which of the following is NOT a method for estimating standalone selling prices?

		Adjusted market assessment approach
		Net realizable value approach
		Expected cost plus margin approach
		Residual approach

What is the normal journal entry when writing-off an account as uncollectible under the allowance method?

		Debit Accounts Receivable, credit Allowance for Doubtful Accounts.
		Debit Bad Debt Expense, credit Allowance for Doubtful Accounts.
		Debit Allowance for Doubtful Accounts, credit Bad Debt Expense.
		Debit Allowance for Doubtful Accounts, credit Accounts Receivable

When is the most likely amount method for estimating variable consideration most appropriate?

		When the seller has a large number of contracts with similar characteristics.
		When it results in the lowest administrative cost.
		When there are only two possible outcomes/amounts.
		When there are several possible outcomes/amounts.

The transaction price is the amount of consideration that the seller expects to be entitled to in exchange for the transfer of promised goods or services to a customer. Which of the following can affect the transaction price?

		Consideration payable to customers
		Refund liabilities
		Both of the above
		Neither of the above