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Determine whether separate performance obligations exist

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Ginger Ltd is marketing a 'surfing bundle' in which, for $2200, it provides customers with a surfboard (which retails separately for $1700), a wetsuit (which retails separately for $500) and five lessons (which retail separately for $400). You are required to determine:

Problem a) Whether separate performance obligations exist, and to explain why you made this judgement.

Problem b) How much of the transaction price to allocate to each performance obligation?

Reference no: EM132822531

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