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How much of the transaction price to allocate

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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).

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Problem 1: Whether separate performance obligations exist, and How much of the transaction price to allocate to each performance obligation?

Reference no: EM132810202

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