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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. The customer is free to enlist the services of another entity to install the software. What is the number of performance obligations for this contract?
Shipping Concerns
Issues or problems related to the transport of goods, such as delays, damage, or loss during transit.
International Waters
Refers to areas of the ocean outside any nation's territorial jurisdiction, where no state has sovereign rights.
Risk Of Loss
The potential for an investment or transaction to result in a financial loss.
Negotiable Instrument
A financial document that guarantees the payment of a specific amount of money, either on demand or at a set time, with the payer named on the document.
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