Business, 30.03.2020 17:58, carolinasoto

On November 1, 2019, Gerakos Corporation sold software and a six-month technical support contract to a customer for $80,000. Gerakos sells the same software without technical support for $60,000. It does not sell technical support separately. Gerakos uses the residual method to allocate the transaction price.

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On November 1, 2019, Gerakos Corporation sold software and a six-month technical support contract to...