Examlex
Analysing how a person thinks about her job and how that job situation ends up affecting the individual both psychologically and physically would be an example of an application of the
Performance Obligation
A promise in a contract to transfer a good or service to a customer, which is a fundamental concept in revenue recognition.
Non-distinct
Describes goods, services, or attributes that are not clearly separate or distinguishable from each other.
Separately Identifiable
A condition where an asset or component can be distinguished and divided from the whole, based on its unique characteristics and contributions to the operation.
Performance Obligation
A commitment in a contract to transfer a good or service to a customer.
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