Question: Wireless Ltd develops and sells an accounting software called 'Wizard'. The retail price of each package is $269. Included with each purchase are 'free' upgrades

Wireless Ltd develops and sells an accounting software called 'Wizard'. The retail price of each package is $269. Included with each purchase are 'free' upgrades for a period of 12 months after the date of purchase. These upgrades can be purchased separately for $99. Ignoring any tax effect, at the date of purchase of the software package by a customer, Wireless Ltd should record a revenue for each package of: a. $269 b. $170 c. $368 d. $99

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