Use the following information for questions. A product and service are bundled together and sold to customers for $350.The fair values of the product and service are $300 and $100 respectively.
-Under the residual method, how much would be allocated to the product?
A)$300.00
B)$262.50
C)$250.00
D)$200.00

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The Answer of Use the following information for questions. A product and service are bundled together and sold to customers for $350.The fair values of the product and service are $300 and $100 respectively.
-Under the residual method, how much would be allocated to the product?
A)$300.00
B)$262.50
C)$250.00
D)$200.00

Use the Following Information for Questions