The transaction price for multiple performance obligations should be allocated b
ID: 2535207 • Letter: T
Question
The transaction price for multiple performance obligations should be allocated based on
selling price from the company’s competitors.
total transaction price less residual value.
forecasted cost of satisfying performance obligation.
what the company could sell the goods for on a stand-alone basis.
a.selling price from the company’s competitors.
b.total transaction price less residual value.
c.forecasted cost of satisfying performance obligation.
d.what the company could sell the goods for on a stand-alone basis.
Explanation / Answer
The transaction price for multiple performance obligations should be allocated based on what the company could sell the goods for on a stand-alone basis. Option D is correct
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