Orange Pty Ltd Develops and Sells Off-The-Shelf Accounting Software Packages

Orange Pty Ltd develops and sells off-the-shelf accounting software packages. The retail price of each package is $399 (GST inclusive) . Included with each purchase are "free" upgrades for a period of 12 months after the date of purchase. These upgrades can be purchased separately for $80 (GST inclusive) .
At the date of purchase of the software package by a customer, Orange should record revenue of:

A) $290.00
B) $319.00
C) $362.72
D) $399.00

Correct Answer:

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Access For Free