DITO Corp. a telecommunications operator, entered into a one-year contract with Kim on March 1, 20x7. In lined with the contract, Kim receives a free Apple I-phone handset from DITO, Kim will pay a monthly fee of P1,200. Kim gets the handset immediately after contract signature. DITO sells the same handset for P3,600 and the same monthly plans for P800 per month without handset.  Allocate the transaction price to the performance obligations: the allocated transaction price to each performance obligations?   a. None, since there is

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