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:

Mood Swings

describe rapid and intense changes in emotion, which can range from euphoric highs to depressive lows, and may affect an individual's behavior and reactions.

Manic Episodes

Periods of abnormally elevated mood, energy levels, and activity, often associated with bipolar disorder.

Depression

A mood disorder characterized by persistent feelings of sadness, hopelessness, and a lack of interest or pleasure in activities.

Mild Mania

A less severe form of mania characterized by elevated mood, increased activity or energy levels, but not severe enough to cause significant impairment in daily functioning.