Question
Aircraft Company signs a contract to sell airplanes to Singapore Airlines for P300 million. Aircraft also agreed to maintain the planes in the amount of
Aircraft Company signs a contract to sell airplanes to Singapore Airlines for P300 million. Aircraft also agreed to maintain the planes in the amount of P60 million for three years. How many performance obligations are there for Aircraft Company?
a. 1
b. 2
c. None
d. 1 or 2, depending on the situation
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Financial Accounting Version 3.0
Authors: Leah Kratz, Joe Ben Hoyle, C. J. Skender
3rd Edition
1453392904, 9781453392904
