answer

Malpao Corporation sells computer software to Mr. Bong. Mr. Bong shall pay P750,000 uplront fee in exchange for the following performance obligations: (1) equipment (2) initial training and (3) five years right over the computer software. The stand-alone selling price of the equipment is P380,000. The stand-alone selling price of the initial training is P280,000. The entity estimates the stand-alone selling price of the five year right over the computer software using the residual approach. On February 1 20x1. Maipao receive the P150.000 cash and the balance payable in thirde onrust payments beplaining January 30, 2012 Mr. Bong signs om interest bearing for the balance. On August 1. Maipo has already transferred the equipment and conducted the Tolon training and the software license will commence on the same date. The entity determines that the performance obligations in the contatore distinct ble Mr Berglas that tight to use the intellectual property, the total revenue from license contract of Mo Corporation on 1,20 Malpao Corporation sells computer software to Mr. Bong. Mr. Bong shall pay P750,000 uplront fee in exchange for the following performance obligations: (1) equipment (2) initial training and (3) five years right over the computer software. The stand-alone selling price of the equipment is P380,000. The stand-alone selling price of the initial training is P280,000. The entity estimates the stand-alone selling price of the five year right over the computer software using the residual approach. On February 1 20x1. Maipao receive the P150.000 cash and the balance payable in thirde onrust payments beplaining January 30, 2012 Mr. Bong signs om interest bearing for the balance. On August 1. Maipo has already transferred the equipment and conducted the Tolon training and the software license will commence on the same date. The entity determines that the performance obligations in the contatore distinct ble Mr Berglas that tight to use the intellectual property, the total revenue from license contract of Mo Corporation on 1,20