Question: On January 1 , 2 0 2 7 , Lego Construction Company signed a contract to build a custom garage for a customer and received

On January 1,2027, 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? Number of performance obligations in the contract Identify the best description of each performance obligation from the following list. Note: You may select more than one answer. Single click the box with the question mark to produce a check mark for a correct answer and double click the box with the question mark to empty the box for a wrong answer. Any boxes left with a question mark will be automatically graded as incorrect. Design and construct a garage Components of the construction contract Integrate the components Stand alone prices
On January 1 , 2 0 2 7 , Lego Construction

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