
Concept explainers
Performance obligation: Performance obligation means a promise to transfer goods or services. It can be for a single or multiple goods or services.
Multiple performance obligations: There can be multiple performance obligations when a company promises to transfer individual goods or services or a combination of goods or services.
(a)
To identify: To identify the performance obligations and the revenue for2017, assuming that performance obligations are interdependent.
Given information: All the information related to M Company is provided in the question document.
(b)
To identify: To identify the performance obligations and the revenue.
Given information: All the information related to M Company is provided in the question document.

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Chapter 18 Solutions
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