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The residual approach to allocate transaction prices to multiple performance obligations in a contract is appropriate when: Multiple Choice The stand - alone price of

The residual approach to allocate transaction prices to multiple performance obligations in a contract is appropriate when:
Multiple Choice
The stand-alone price of one or more of the goods or services is highly variable or uncertain.
None of the goods and services included in the contract are not sold on a stand-alone basis.
The stand-alone price of all of the goods or services is known.
None of the answer choices are correct.

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