What is a performance obligation, and how is it used to determine when revenue should be recognized?

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Intermediate Accounting

ISBN: 978-1118147290

15th edition

Authors: Donald E. Kieso, Jerry J. Weygandt, and Terry D. Warfield

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Question Posted: Jun 03, 2013 02:01 AM

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What is a performance obligation, and how is it used to determine when revenue should be recognized?

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A performance obligation is a promise to deliver a product or provide a service to ...View the full answer

Intermediate Accounting

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