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Calculate the transaction price allocated to the pool

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Question - Bella Pool Company sells prefabricated pools that cost $100,000 to customers for $180,000. The sales price includes an installation fee, which is valued at $25,000. The fair value of the pool is $160,000. The installation is considered a separate performance obligation and is expected to take 3 months to complete. The transaction price allocated to the pool and the installation is

a. $155,676 and $24,324 respectively.

b. $160,000 and $25,000 respectively.

c. $180,000 and $25,000 respectively.

d. $138, 378 and $21,622 respectively.

Reference no: EM132189583

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