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Home Q & A Board Other Fields Homework Help Business Accounting
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liz_08 liz_08
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5 years ago
Hepner Products enters into a contract with Tullis to sell three different products. The total price is $350,000 Each of the products is a separate performance obligation. Based on the information presented in the table, what is the allocated transaction price of product Z using the adjusted market assessment approach? (Round intermediary percentages to the nearest hundredth percent, and round your final answer to the nearest whole number.)

          Product   Standalone Price       Market Price
X        $150,000$130,000
Y  $125,000$135,000
Z Not Available$100,000

A) $95,900
B) $350,000
C) $116,667
D) $120,000
Textbook 
Intermediate Accounting

Intermediate Accounting


Edition: 1st
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natatorrnatatorr
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