xml.additionalmedia..\ Chartered Professio...\ Online Claims Reim...\ Bond Present Value...\ sment\ Creative Problems Inc. (CPI) is in the business of designing and selling Sc to perform complicated mathematical calculations. During the year, CPI software to a customer in exchange for telephones for its office and cas The cost and the selling price of the software were

$18,000

and

$25,00

respectively. The telephones have a fair value of

$20,000

. CPI determin transaction has commercial substance.\ What amount will CPI use to recognize the sale of the software under IF\ a)

$24,000

\ b)

$18,000

\ c)

$20,000

\ d)

$25,000

Creative Problems Inc. (CPI) is in the business of designing and selling s to perform complicated mathematical calculations. During the year, CPI software to a customer in exchange for telephones for its office and cas The cost and the selling price of the software were $18,000 and $25,00 respectively. The telephones have a fair value of $20,000. CPI determin transaction has commercial substance. What amount will CPI use to recognize the sale of the software under a) $24,000 b) $18,000 c) $20,000 d) $25,000