Able Company enters into a contract with a customer to provide them with an accounts receivable program. Able will also provide installation services as part of the contract. The customer is free to enlist the services of another entity to install the software. What is the number of performance obligations for this contract?
A) 0
B) 1
C) 2
D) 3
Answer: C
Business
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Stepanek Sales and Service provides free coffee to employees. Stepanek arranged with Ingebrigtson's Joe to deliver as many coffee packages, sugar, creamer, and filters as needed each week. Ingebrigtson's sends a monthly invoice for Stepanek to pay. This arrangement is best described as a
A) blanket purchase order. B) set purchase order. C) fixed purchase order. D) standard purchase order.
Business
A Transfer Disclosure Statement (TDS) needs to be delivered to buyers on targeted transaction by the:
a. court assignee. b. beneficiary. c. trustee. d. seller.
Business