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Home Q & A Board Other Fields Homework Help Business Accounting
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Mr.Cleand Mr.Cleand
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6 years ago
Hepner Products enters into a contract with Tullis to sell three different products.  Each of the products is a separate performance obligation. Based on the information presented in the table, what is the standalone price of product Z using the residual approach?

PriceStandalone Price
Transaction Price$425,000
X$150,000
Y$125,000
ZNot Available

A) $300,000
B) $155,000
C) $150,000
D) $305,000
Textbook 
Intermediate Accounting

Intermediate Accounting


Edition: 1st
Authors:
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kristinwilliamskristinwilliams
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6 years ago
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6 years ago
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