To Satisfy a Performance Obligation Means That

question 81

Multiple Choice

To satisfy a performance obligation means that:

• A)the provider has substantially completed the service for the customer.
• B)the goods have been transferred to the customer who has assumed ownership and control over goods.
• C)the selling entity has done everything required to earn the revenue.
• D)All of the above statements are correct.

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Definitions:

Spacebar

The long horizontal key on a keyboard that is used to create spaces between words or characters during typing.

Split Cells

A feature in spreadsheet and table editing software that divides one cell into multiple cells either horizontally or vertically.

Insertion Point

The insertion point is the location in a document or text field where the next characters typed from the keyboard will appear, often marked by a cursor.

Table Tools Layout Tab

A specific tab in document editing software that provides various options for arranging and managing the layout of a table.