Multiple Choice
Neakanie Industries sells specialized mountain bikes.Each specialized bike purchased includes free maintenance service for 12 months.The price of the specialized bike is $1,000.When sold separately,a maintenance contract is $200 and a comparable but non-specialized bike is $600.What amount of revenue will Neakanie recognize at the date of sale for each bike?
A) $400.
B) $600.
C) $750.
D) $1,000.
Correct Answer:
Verified
Correct Answer:
Verified
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