onya,Inc. (SONI) sells a big screen. TV package consisting of a 60-inch plasma TV, a universal remote, and onsite installation by SONI staff. The installation includes programming the remote to have the TV interface with other parts of the customer's home entertainment system. SONI concludes that the TV, remote, and installation service are separate performance obligations. SONI sells the 60-inch TV separately for P17,000,sells the remote separately for P1,000, and offers the installation service separately for P2,000. The entire package sells for P19,000.How much revenue would be allocated to the TV, the remote, and the installation service,respectively? a. P16,150; P950;P1,900 b. 0;P1,900
onya,Inc. (SONI) sells a big screen. TV package consisting of a 60-inch plasma TV, a universal remote, and onsite installation by SONI staff. The installation includes programming the remote to have the TV interface with other parts of the customer's home entertainment system. SONI concludes that the TV, remote, and installation service are separate performance obligations. SONI sells the 60-inch TV separately for P17,000,sells the remote separately for P1,000, and offers the installation service separately for P2,000. The entire package sells for P19,000.How much revenue would be allocated to the TV, the remote, and the installation service,respectively? a. P16,150; P950;P1,900 b. 0;P1,900
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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46.Sonya,Inc. (SONI) sells a big screen. TV package consisting of a 60-inch plasma TV, a universal remote,
and onsite installation by SONI staff. The installation includes programming the remote to have the TV
interface with other parts of the customer's home entertainment system. SONI concludes that the TV,
remote, and installation service are separate performance obligations. SONI sells the 60-inch TV
separately for P17,000,sells the remote separately for P1,000, and offers the installation service
separately for P2,000. The entire package sells for P19,000.How much revenue would be allocated to the
TV, the remote, and the installation service,respectively?
a. P16,150; P950;P1,900
b. 0;P1,900
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