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Lyle Co., a technology company, is selling a laptop with a three-year service plan included for $2,947. The company considers the laptop and the service
Lyle Co., a technology company, is selling a laptop with a three-year service plan included for $2,947. The company considers the laptop and the service plan as distinct from one another. The laptop is typically sold by itself for $2,681, while the service plan is sold by itself for $678. How much will the company record as Sales Revenue from the sale of the laptop at the time of delivery?
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