For each of the following separate contract scenarios, determine the number of performance obligations:

Group of answer choices

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

[ Choose ]

One performance obligation

Two performance obligations

Three 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.

[ Choose ]

One performance obligation

Two performance obligations

Three performance obligations

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

[ Choose ]

One performance obligation

Two performance obligations

Three performance obligations