How much revenue would be allocated to the tv, Accounting Basics

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How much revenue would be allocated to the tv

Video Planet ("VP") sells a big screen TV package consisting of a 60-inch plasma TV, a universal remote, and on-site installation by VP staff. The installation includes programming the remote to have the TV interface with other parts of the customer's home entertainment system. VP concludes that the TV, remote, and installation service are separate performance obligations. VP sells the 60-inch TV separately for $1,700, sells the remote separately for $100, and offers the installation service separately for $200. The entire package sells for $1,900.

Required:
How much revenue would be allocated to the TV, the remote, and the installation service?

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Accounting Basics: How much revenue would be allocated to the tv

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Accounting Basics: How much revenue would be allocated to the tv

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Recent Questions Asked Accounting Basics

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Request for Solution File

Ask an Expert for Answer!!

Accounting Basics: How much revenue would be allocated to the tv

Reference No:- TGS0695569

Recent Questions Asked Accounting Basics

Q : Compute the ending inventory

Q : What is the less revunue from one t-bone steak

Q : What is the molar solubility

Q : Calculate the corporation''s final tax liability

Q : How much revenue would be allocated to the tv

Q : Find change in length and final length of rod due to stress

Q : What is the molar enthalpy of vaporization of the liquid

Q : How would we record this in the journal

Q : How many performance obligations are in a contract

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