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Revenue Recognition
Revenue Recognition
Medium
Helix Software enters a $600,000 contract to deliver a software license (standalone price: $450,000) and one year of technical support (standalone price: $250,000). Under IFRS 15, how much revenue should be allocated to the software license?
A
$385,714
B
$450,000
C
$350,000
D
$300,000
Select an answer to continue
Tags
#revenue-allocation
#ifrs-15
#standalone-selling-price
#performance-obligations
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