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LenaWriter [7]
3 years ago
6

When multiple performance obligations exists in a contract, they should be accounted for as a single performance obligation when

Business
1 answer:
ella [17]3 years ago
3 0

Answer: each service is interdependent and interrelated.

Explanation:

An interdependent and interrelated service means the service cannot be separated, one cannot be said to have been concluded without concluding the other, invariably they will be accounted for as a single performance obligation.

The product cannot be distinct for a distinct product means the performance can be separated and it must be determinable for this an obligatory attribute of a contract.

A distinct performance obligation means it's not a multiple performance obligation.

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4 years ago
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