Question: Identify all situations that will result in a performance obligation. 1 . Glendale College charges students a $ 5 0 nonrefundable application fee. 2 .

Identify all situations that will result in a performance obligation.
1. Glendale College charges students a $50 nonrefundable application fee.
2. Aeromic Co. offers 3% off from invoice price for customers who make early payments.
3. Best Store let any customers return products within 60 days from purchased date.
4. Ms. Dailey entered into a contract with Hero Inc. that will give her free repair parts if the used car she bought from Hero should need repair in the first one year.

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