Baker Corporation, a retailer of machinery, has agreed to sell a machine to Able Company for $12,500 on March 2. The machine cost $7,200 and will be delivered to Able by March 5. As part of the sale contract, Baker will also provide a 12 month service contract on the machine. How many performance obligations are included in the transaction between Baker and Able?  

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In the transaction between Baker Corporation and Able Company there are ... View the full answer