. . . For contracts that include more than one separate performance obligation: Revenue is recorded over time at the fair value of each performance obligation. Revenue is recognized in the amount of the contract price on the date the last separate performance obligation is satisfied, The contract price is allocated to each performance obligation in proportion to the obligations stand-alone selling prices. Revenue is recognized in the amount of the contract price on the date the contract is signed. Companies recognize revenue only when: A contract is reasonably likely to exist. A performance obligation is designated in a written contract A written contract is in place and payment is variable. Control over goods or services has been transferred from the seller to the customer. Which of the following is not an approach for estimating stand-alone selling prices? Adjusted market assessment approach Expected cost plus margin approach Residual approach Fair market appraisal approach