Solution: 140,000
Working: Using the residual approach the estimation of standalone selling price is done by subtracting the observable standalone selling prices of the products or services associated with the other performance obligations from the amount of transaction price. Thus:
= 415,000 - 150,000 - 125,000
= 140,000
Hopner Products enters into a contract with Tulles to sell three different products. Each of the...
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