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How should ABC Corporation allocate the transaction price

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Question - ABC Corporation enters into a contract with a customer to sell items for $90,000. The contract includes two items of product A and one item of each product B and C. The standalone purchase price is $15,000 for product A, $25,000 for product B and $45,000 for product C. How should ABC Corporation allocate the transaction price for this contract?

Reference no: EM132543225

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