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Sheridan Company sells lap lane pools that cost $50700 to customers for $127900. The sales...

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Accounting

Sheridan Company sells lap lane pools that cost $50700 to customers for $127900. The sales price includes an installation fee, which is valued at $20400. The fair value of the pool is $103900. The installation is considered a separate performance obligation and is expected to take 3 months to complete. The transaction price allocated to the pool and the installation is A) $106909 and $20991, respectively. B) $127900 and $20400, respectively. C) $103900 and $20400, respectively. D) $89091 and $14809, respectively.
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Sheridan Company sells lap lane pools that cost $50700 to customers for $127900. The sales price includes an installation fee, which is valued at $20400. The fair value of the pool is $103900. The installation is considered a separate performance obligation and is expected to take 3 months to complete. The tralsaction price allocated to the pool and the installation is $106909 and $20991, respectively. $127900 and $20400, respectively. $103900 and $20400, respectively. $89091 and $14809, respectively

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