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Shaw Company engages Maya Company to produce a large machine, install the machine, and train their employees on the machine. The machine, installation, and training are distinct, and Maya determines that the contract includes three separate performance obligations. The machine, installation, and training typically cost $800,000 $100,000, and $100,000 respectively when each is provided in a separate contract. Shaw and Maya agree to a total contract price of $920,000. How much of the contract price should Maya allocate to the machine, installation, and training, respectively? sort $800,000; $100,000 $100,000 $732,000, $94,000: $ 94,000 $736,000: $184,000 $736,000; $92,000; $92,000 e Textbook and Media Attempts:0 of 5 used Save for Later Submit Answer Kinnamont Company manufactures farming equipment that includes navigational systems as part of the standard equipment package and offers optional training on any navigational systems for an additional fee. Smith Company enters into a contract with Kinnamont that includes a combine, a navigational system, and training. Identify the performance obligations to which Smith should allocate the transaction price: Oport The combine, the navigational system, and the training account for one performance obligation because they are all part of the same contract. No performance obligations exist because the work on the contract, including the training, has not begun. The combine the navigational system, and the training as three separate performance obligations. The combine including the navigational system and the training as two separate performance obligations. e Textbook and Media Question 23 View Policies Current Attempt in Progress ClipClop Company sells horseshoes to customers at a discount of 4% if the customer orders more than 10,000 horseshoes in a year. The price per shoe is $2. In April, Oats Company orders 4,000 horseshoes from ClipClop. Based on past experience with Oats Company, ClipClop expects Oats to meet the volume threshold of 10,000 horseshoes by the end of the year. What amount of revenue should ClipClop record in connection with the April sale? $20,000 $0 because ClipClop does not know if Oats will meet the volume discou $8,000 $7,680

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