ISS sells a license to install and use its software on a single computer for $25,000. The

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ISS sells a license to install and use its software on a single computer for $25,000. The license includes maintenance and support services (technical support, periodic updates to the software, and one day of training) for the first year after the license purchase. ISS normally sells maintenance support services for $3,000 per year on a single computer license. It doesn't sell the software license without the maintenance and support services. 1. How many performance obligations exist in this contract? 2. How would ISS recognize revenue under this contrast?

Posted Date: May 14, 2024 09:49 AM

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ISS sells a license to install and use its software on a single computer for $25,000. The

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