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Identifying Performance Obligations SpeedyTax sells a yearly subscription, which provides support to customers in preparing tax returns electronically. The annual subscription includes explanations of new
Identifying Performance Obligations
SpeedyTax sells a yearly subscription, which provides support to customers in preparing tax returns electronically. The annual subscription
includes explanations of new tax laws and access to online tax assistance. If a customer purchases a oneyear subscription, the customer
is entitled to a renewal of the subscription for the following year at a discount. The discount is not available unless the
subscription is purchased in the current year. How many performance obligations are in the contract?
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