A Performance Obligation Exists When

question 3

Multiple Choice

A performance obligation exists when

• A)a company receives the right to receive consideration.
• B)a contract is approved and signed.
• C)a company provides a distinct product or service.
• D)a company provides interdependent product or service.

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Definitions:

Hydrogen

A colorless, odorless, and tasteless gas that is the lightest and most abundant element in the universe. It is represented by the symbol H and has an atomic number of 1.

Fiber

A type of complex carbohydrate that the body cannot digest, found in vegetables, fruits, whole grains, and legumes, important for digestive health.

Daily Recommendation

Guidelines or advice on the amount or the type of something that should be consumed or done daily for health or wellbeing.

Essential Nutrient

Nutrients required for normal body functioning that cannot be synthesized by the body and must be obtained from a dietary source.