The Transaction Price for Multiple Performance Obligations Should Be Allocated

question 56

Multiple Choice

The transaction price for multiple performance obligations should be allocated based on

• A) total transaction price less residual value.
• B) forecasted cost of satisfying performance obligation.
• C) what the company could sell the goods for on a stand-alone basis.
• D) selling price from the company's competitors.

---

Definitions:

Time-Outs

A disciplinary technique used with children, involving a brief separation from the environment where inappropriate behavior has occurred, to decrease negative behavior.

Gender Appropriate

Behavior or characteristics that society deems suitable for an individual based on their gender.

Psychological Control

A disciplinary technique that involves threatening to withdraw love and support, using a child’s feelings of guilt and gratitude to the parents.

Sense of Belonging

The feeling or perception of being an accepted and integral part of a group, community, or environment.