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a product and serbice are bundled together and sold for 450. the fair values of the product and the service are 350 and 150 respwctively

a product and serbice are bundled together and sold for 450. the fair values of the product and the service are 350 and 150 respwctively at the time of contract signing....

1.no journal entry is recorded

2. a contract asset is recorded

3. a note to financial statements mist be included

4. a contract liability is recorded

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