To Determine If a Performance Obligation Exists

question 105

Multiple Choice

To determine if a performance obligation exists,

• A) the company must provide a distinct product or service.
• B) a customer must be able to benefit from the product or service.
• C) Both A and B are correct.
• D) none of the above

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Definitions:

Texting Language

A form of written language that is used in short message service (SMS) and other forms of electronic communication, which often includes abbreviations, acronyms, and emojis to convey messages more quickly and efficiently.

Main Request

The primary or most significant ask or requirement expressed by an individual or entity in a given context.

Deadline

The latest time or date by which something should be completed or submitted.

Writing Quality

The caliber of written work, judged by criteria such as clarity, coherence, accuracy, and effectiveness of communication.