TGW Construction Company enters into a contract to build an office building and detached parking garage for

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TGW Construction Company enters into a contract to build an office building and detached parking garage for $ 24 million. TGW determines that the building and parking garage represent separate performance obligations. The standalone price of similar structures would be $ 21 million for the office building and $ 7 million for the parking garage. How should TGW allocate the transaction price?
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Intermediate Accounting

ISBN: 978-0132162302

1st edition

Authors: Elizabeth A. Gordon, Jana S. Raedy, Alexander J. Sannella

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