Which of the following statements regarding sales of bundled items are true? $($You may select more than one answer. Single click the box with the question mark to produce a check mark for a correct answer and double click the box with the question mark to empty the box for a wrong answer. Any boxes left with a question mark will be automatically graded as incorrect.$)$

check all that apply

Many businesses package several items into a $$bundle$$ and sell the bundle at a single price.

Revenue is recognized when the final performance obligation included in a sale of bundled items is satisfied.

The transaction price must be allocated to the various performance obligations based on the stand$-$alone selling prices of the product$($s$)$ and service$($s$).$

When a bundle includes only products, the seller fulfills its performance obligations at the delivery of the product bundle.

Cash

Cost of Goods sold

Inventory

Inventory$$Estimated Returns

Refund Liability

Sales Returns and Allowances