CNS company sold manufacturing equipment to a customer with one free year of maintenance for US$300,000. The equipment is usually sold for US$230,000 and the maintenance contract for US$120,000. Which two of these statements regarding the above transaction are correct? Solution A.Revenue recognised is the total transaction price of US$350,000. B.The manufacturing equipment and the maintenance agreement have been discounted by 14.3 per cent. C.Revenue to be recognised is US$230,000 because the maintenance is free. D.Total revenue to be recognised for this transaction is US$300,000. E.Each performance obligation will be recognised at its full, stand-alone price