South Texas Company (SOTEX) manufactures and installs surveillance equipment. Customers can purchase any combination of equipment, installation services, and training as part of SOTEX's security services. Thus, each of these performance obligations are separate with individual standalone selling prices. On 1 May, Laredo Home Monitoring Inc. (LHMI) signs a contract to purchase cameras, installation, and training at a total price of $125,000 (delivery dates and scheduling details below). Estimated standalone selling prices of the equipment, installation, and training are $105,000, $25,000, and $3,200, respectively. How much of the transaction price will be allocated to Training. Enter whole numbers with no commas. Type your response

South Texas Company (SOTEX) manufactures and installs surveillance equipment. Customers can purchase any combination of equipment, installation services, and training as part of SOTEX's security services. Thus, each of these performance obligations are separate with individual standalone selling prices. On 1 May, Laredo Home Monitoring Inc. (LHMI) signs a contract to purchase cameras, installation, and training at a total price of $125,000 (delivery dates and scheduling details below). Estimated standalone selling prices of the equipment, installation, and training are $105,000, $25,000, and $3,200, respectively. How much of the transaction price will be allocated to Training. Enter whole numbers with no commas. Type your response

Intermediate Accounting: Reporting And Analysis

3rd Edition

ISBN:9781337788281

Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Chapter17: Advanced Issues In Revenue Recognition

Section: Chapter Questions

Problem 3C

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