If multiple contracts are negotiated as a package and have a single commercial objective, the contracts should be combined and accounted for as ________.

A.

a single contract

B.

liabilities

C.

multiple contracts

D.

assets

2.

Able Company enters into a contract with a customer to provide them with an accounts receivable program. Able will also provide installation services as part of the contract. Able will make sure that this program will be installed so that it will be customized and be able to integrate with the company's other program modules. What is the number of performance obligations for this contract?

A.

1

B.

2

C.

3

D.

4