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Which of the following is a performance obligation? a. Lil Pharma receives a donation in return for settling a liability owed to a municipality. b.
Which of the following is a performance obligation?
a. | Lil Pharma receives a donation in return for settling a liability owed to a municipality. | |
b. | Nokia Electronics promises to make repairs if a product will become defective within a week of purchase. | |
c. | Fancier Phones provides assurance that its phones will work after purchase. | |
d. | Acacia Flowers provides assurance that its flowers will stay fresh for two days. | |
e. | Steve Electronics assurance at an affordable price that provides additional protection after the customer takes possession of the product.
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