For each of the following separate contract scenarios, determine the number of performance obligations: Three performance obligations A customer purchased a refrigerator from a home improvement retail store. Because the customer had no means to transport the refrigerator to her home, she also rented a truck through the store for two hours. At the same time, the customer purchased vehicle insurance from the store because she was not certain if she would be covered through her own insurance plan Two performance obligations A manufacturer purchased special industrial equipment for $350,000 plus installation services with a cost of $35,000. Due to the nature of the equipment, the installation is highly specialized and involves additional modifications of the equipment at the site of the installation. One performance obligation A retailer sells barbecue sauce with a coupon attached for 50 cents off the next purchase of barbecue sauce. The barbecue sauce typically sells for $5.00 a bottle For each of the following separate scenarios, determine at what date, or over what period of time, revenue will be recognized: [Choose] A hoose ] On January 2, 20x1, Arizona Inc. contracts with a customer to provide services in March 20x1 for $8,000. The customer paid Arizona Inc. the contract price on January 2, 20x1. Arizona Inc. performed the services on March 31, 20x1 On January 2, 20x1, the Daily Journal [Choose ] collected $200 cash from a customer for a Recognize revenue at a point in time on January 2, 20x1 and over time one-year subscription to an electronic Recognize revenue on March 1, 20x1 newspaper with daily postings Recognize revenue on January 2, 20x1 Recognize revenue evenly over the next 3 months On December 27, 20x0, Sparky sold a Recognize revenue at a point in time on March 31, 20x1 machine for $200,000 and collected Recognize revenue on December 27, 20x0 $80,000 cash. The remainder plus 10%. Recognize revenue evenly over the next 12 months interest is payable December 31, 20x1. Sparky delivered the machine on January 2, 20x1. The customer has an excellent credit rating