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1. ABC company wrote a contract that involves two performance obligations. Product A has a stand-alone selling price of $100, and product B has a stand-alone selling price of $150. The price for the combined product is $200.

Required: What is the transaction price would be allocated to the performance obligation for delivering product A and B?



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Allen Co. wrote a contract that involves two performance obligations. Product A has a standalone selling price of $100, and product B has a stand-alone selling price of $200. The price for the combined product is $240. How much of the transaction price would be allocated to the performance obligation for delivering product A? $80 $60 $100 $40

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