Question: Identifying Performance Obligations A customer hired a contractor to construct a storage facility next to the customer s home. The contract includes promises to provide

Identifying Performance Obligations

A customer hired a contractor to construct a storage facility next to the customer

s home. The contract includes promises to provide the materials for the facility, to lay the foundation, construct the facility, and install fixtures within the facility. The contractor is able to identify the standalone prices for each of these aspects of the job based upon other contracts for these individual services. How many performance obligations are in the contract?

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