FINANCIAL ACCOUNTING
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ISBN: 9781259964947
Author: Libby
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Transcribed Image Text:The standalone selling price of a performance obligation in a contract with a customer may not be directly observable.
Alternatives for estimating the standalone selling price include Estimation of the Price in the Seller's Market Residual
Approach Estimation of the Pricein the Seller's Market Yes Residual Approach Yes Estimation of the Pricein the Seller's
Market No Residual Approach Yes Estimation of the Pricein the Seller's Market Yes Residual Approach No Estimation of
the Pricein the Seller's Market No Residual Approach No
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