Business, 22.10.2020 17:01, sarahhtsvetkovs
Gold Corp. sells office furniture. In 2020, it sold 200 desks for $500 each. For each desk sold, Gold Corp. distributed a 50% discount coupon for purchase of an office chair valid for two months. Based on historical experience, Gold Corp. expects that approximately 20% of the coupons will be utilized. The chairs purchased with the coupons are priced at $150 and normally discounted 10%. What would be the stand-alone sales price used by Gold Corp. for the coupon when allocating the $500 transaction price to the performance obligations
Answers: 1
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Gold Corp. sells office furniture. In 2020, it sold 200 desks for $500 each. For each desk sold, Gol...
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