Question: BE 6 - 1 2 Performance obligations; construction LO 6 - 5 On January 1 , 2 0 2 4 , Lego Construction Company signed

BE 6-12 Performance obligations; construction LO6-5 On January 1,2024, Lego Construction Company signed a contract to build a custom garage for a customer and received \(\$ 10,000\) in advance for the job. The new garage will be built on the customer's land. To complete this project, Lego must first build a concrete floor, construct wooden pillars and walls, and finally install a roof. Lego normally charges stand-alone prices of \(\$ 3,000,\$ 4,000\), and \(\$ 5,000\), respectively, for each of these three smaller tasks if done separately. How many performance obligations exist in this contract?
BE 6 - 1 2 Performance obligations; construction

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