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performance obligations. please explain how you got your answer. Henderson Enterprise sells a The components of this system home are as entertainment system to customers
performance obligations. please explain how you got your answer.
Henderson Enterprise sells a The components of this system home are as entertainment system to customers follows. TV Receiver & Speakers Extended Warranty Installation Package # 1,300 # 650 $ 300 # 300 As part of the package Henderson includes a coupon for an annual subscription to a video streaming service for $120. The streaming sennze video subscription is available to all purchasing the system will redeem the subscription. The entire system sells for $2,300. Henderson sells 30 home entertainment systems. A. How many performance obligations exist in this contract? B. Determine the allocation pose of the purchase price between the performance obligations. sale of the C. Prepare the journal entry to record the home contre entertainment systems Step by Step Solution
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