Question 27 Not yet answered Marked out of 1.00 P Flag question Silver Inc. sells merchandise with a cost of $80,000 to Pier 10 Inc. for $180,000 during the month. As part of the contract, Silver Inc. pays Pier 10 Inc. $5,000 in slotting fees for premium shelf position in th retail stores and $4,000 for advertising Silver's product in Pier 10's weekly flier that is emailed to Pier 10's customer list. What is Silver's transaction price? Select one: A. $180,000 B. $171,000 C. $185,000 D. $176,000 E. $175,000 Question 28 Not yet answered Marked out of 1.00 Flag question Which of the following statements is not true regarding the standalone selling price of a performance obligation in a revenue contract. Select one: A. Is measured using all information that is reasonably available. B. Is always equal to the stated price of the good or service. C. May be estimated through the adjusted market assessment approach, the expected cost plus a margin approach, or the residual approach. D. May be measured through estimation or through direct observation in the market. E. Is preferable to be supported by direct observation over estimation. Question 27 Not yet answered Marked out of 1.00 P Flag question Silver Inc. sells merchandise with a cost of $80,000 to Pier 10 Inc. for $180,000 during the month. As part of the contract, Silver Inc. pays Pier 10 Inc. $5,000 in slotting fees for premium shelf position in th retail stores and $4,000 for advertising Silver's product in Pier 10's weekly flier that is emailed to Pier 10's customer list. What is Silver's transaction price? Select one: A. $180,000 B. $171,000 C. $185,000 D. $176,000 E. $175,000 Question 28 Not yet answered Marked out of 1.00 Flag question Which of the following statements is not true regarding the standalone selling price of a performance obligation in a revenue contract. Select one: A. Is measured using all information that is reasonably available. B. Is always equal to the stated price of the good or service. C. May be estimated through the adjusted market assessment approach, the expected cost plus a margin approach, or the residual approach. D. May be measured through estimation or through direct observation in the market. E. Is preferable to be supported by direct observation over estimation