When a sale involves goods and services, the selling price should not be
A)allocated to each of these parts
B)allocated only to the part with the higher value
C)allocated using the relative fair value method
D)allocated using the residual method

Question

Quizplus · Accepted Answer

The selling price should be allocated to each part of the sale (goods and services) based on their relative fair values or using the residual method, not just to the part with the higher value.

When a Sale Involves Goods and Services, the Selling Price