Able Company Enters into a Contract with a Customer to Provide

question 136

Multiple Choice

Able Company enters into a contract with a customer to provide them with an accounts receivable program. Able will also provide installation services as part of the contract. Able will make sure that this program will be installed so that it will be customized and be able to integrate with the company's other program modules. What is the number of performance obligations for this contract?

• A) 1
• B) 2
• C) 3
• D) 4

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Definitions:

Medication Allergy

An immune system reaction that occurs as a response to a specific medication, ranging from mild to severe.

Carbon Monoxide Poisoning

A potentially fatal condition caused by inhalation of carbon monoxide gas, which prevents oxygen from being utilized properly by the body.

Carotenemia

A condition characterized by yellowing of the skin caused by increased levels of carotene, often resulting from excessive intake of carotene-rich foods.

Polycythemia

A medical condition characterized by an increased number of red blood cells in the bloodstream.