How much revenue could company a recognize

Reference no: EM132217134

Question - On February 1, 2018, company A sold a package of goods to a customer that included Products A, B, and C. The total sales price was $100,000 which was paid by the customer and product A was delivered to the customer on that date. Product B was delivered to the customer on March 1, 2018 and product C was delivered on August 1, 2018. Company A regularly sells Product A and b on a stand-alone basis for $60,000 and $40,000, respectively. However, Company A only sells Product C when packaged with other items. Company A considers each product a performance obligation and considers the performance obligation satisfied upon delivery of the product to the customer.

Required: How much revenue could Company A recognize on:

February 1, 2018,

March 1, 2018

August 1, 2018?

Reference no: EM132217134

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