Accorsi & Sons specializes in selling and installing upscale home theater systems. On March 1, 2024, Accorsi sold a premium home theater package that includes a projector, set of surround speakers, and high-quality leather seats, along with complete installation service, for $38,000. If sold separately, each of these goods or services would have cost $12,500 (projector), $10,500 (speakers), $14,000 (seats), and $3,000 (installation), respectively. Required: How much of the transaction price would be allocated to the projector, the speakers, the leather seats, and the installation service, assuming that each of these four parts of the contract is a separate performance obligation? Note: Round the percentage values to 2 decimal places. Projector Surround speakers Leather seats Installation service Transaction Price

Accorsi & Sons specializes in selling and installing upscale home theater systems. On March 1, 2024, Accorsi sold a premium home theater package that includes a projector, set of surround speakers, and high-quality leather seats, along with complete installation service, for $38,000. If sold separately, each of these goods or services would have cost $12,500 (projector), $10,500 (speakers), $14,000 (seats), and $3,000 (installation), respectively. Required: How much of the transaction price would be allocated to the projector, the speakers, the leather seats, and the installation service, assuming that each of these four parts of the contract is a separate performance obligation? Note: Round the percentage values to 2 decimal places. Projector Surround speakers Leather seats Installation service Transaction Price

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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