Hopner Products enters into a contract with Tulles to sell three different products. Each of the products is a separate performance obligation. Based on the information presented in the table, what is the standalone price of product Z using the residual approach? Transaction Price $415,000
$$\begin{array} { c c }
\underline{\text { Price }} & \underline{\text { Standalone Price }} \
X & \$ 150,000 \
Y & \$ 125,000 \
Z & \text { Not Available }
\end{array}$$
A) $290,000
B) $115,000
C) $140,000
D) $255,000

Question

Hopner Products enters into a contract with Tulles to sell three different products. Each of the products is a separate performance obligation. Based on the information presented in the table, what is the standalone price of product Z using the residual approach? Transaction Price $415,000
$$\begin{array} { c c } 
\underline{\text { Price }} & \underline{\text { Standalone Price }} \
X & \$ 150,000 \
Y & \$ 125,000 \
Z & \text { Not Available }
\end{array}$$
A) $290,000
B) $115,000
C) $140,000
D) $255,000

Quizplus · Accepted Answer

The Answer of Hopner Products enters into a contract with Tulles to sell three different products. Each of the products is a separate performance obligation. Based on the information presented in the table, what is the standalone price of product Z using the residual approach? Transaction Price $415,000
$$\begin{array} { c c } 
\underline{\text { Price }} & \underline{\text { Standalone Price }} \
X & \$ 150,000 \
Y & \$ 125,000 \
Z & \text { Not Available }
\end{array}$$
A) $290,000
B) $115,000
C) $140,000
D) $255,000

Hopner Products Enters into a Contract with Tulles to Sell