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How should the company report the sale in January

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Question - Software Innovations, Inc., sells their software for $140,000. They also provide user training services for $20,000 and a three-year customer support for $40,000. In January of 2020, one customer purchased the software together with a user training scheduled in February 2020 and three-year customer support (starting February 2020) for a bundled sales price of $160,000. How should the company report the sale in January 2020?

A. Software license sales revenue $140,000, unearned training revenue and customer support revenue $20,000.

B. Software license sales revenue $112,000, training revenue and customer support revenue $48,000.

C. Software license sales revenue $112,000, unearned training revenue $16,000, unearned customer support revenue $32,000.

D. Software license sales and training revenue $128,000, customer support revenue $32,000.

Reference no: EM132961745

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