When multiple performance obligations exists in a contract, they should be accounted for as a single performance obligation when
the product is distinct within the contract.
determination cannot be made.
each service is interdependent and interrelated.
both performance obligations are distinct but interdependent.
Answers (1)
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “When multiple performance obligations exists in a contract, they should be accounted for as a single performance obligation when the ...” in 📘 Business if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Search for Other Answers
You Might be Interested in
At the economy's natural rate of unemployment, t (A) the economy is fully employed. (B) there is only a relatively small amount of cyclical unemployment. (C) only frictional unemployment exists.
Answers (1)
Steven has a base salary of $1200 a month as a real-estate agent. if he made $2900 this past month and sold $315,000 worth of property, what is his rate of commission? [round to the nearest tenth]
Answers (1)
Which of the following is a difference between planning and control? a. Planning is a one-time process, whereas control is a continuous process. b. Planning is management's discretion, whereas control is mandated by law. c.
Answers (1)
For each of the following transactions of Spotlighter, Inc., for the month of January, indicate the accounts, amounts, and direction of the effects on the accounting equation. A sample is provided.
Answers (1)
Production estimates for July for Starling Co. are as follows: Estimated inventory (units), July 1 8,500 Desired inventory (units), July 31 10,500 Expected sales volume (units), July 76,000 For each unit produced, the direct materials requirements
Answers (1)
New Questions in Business
Which of the following best describes an economic system? a system that oversees the production of agricultural goods to be distributed to manufacturers a system that oversees the sale of household products to be bought by families around the
Answers (1)
An investment's time horizon affects the after-tax rate of return on investments taxed annually. true or false
Answers (1)
Which example involves a real world restriction that can affect your decision making process
Answers (1)
The banking industry A) should have an efficiency advantage in gathering information that would eliminate the need for the money markets. B) exists primarily to mediate the asymmetric information problem between saver-lenders and borrower-spenders.
Answers (1)
Mahir promised a client that the project would be completed by the end of the week; however, Mahir knows that the project will take at least three more weeks to complete. Which of the following terms most accurately describes this situation? A.
Answers (1)