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When multiple performance obligations exists in a contract, they should be accounted for as a single performance obligation when

the product is distinct within the contract.

determination cannot be made.

each service is interdependent and interrelated.

both performance obligations are distinct but interdependent.

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Answers (1)
  1. Today, 17:17
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    Answer: each service is interdependent and interrelated.

    Explanation:

    An interdependent and interrelated service means the service cannot be separated, one cannot be said to have been concluded without concluding the other, invariably they will be accounted for as a single performance obligation.

    The product cannot be distinct for a distinct product means the performance can be separated and it must be determinable for this an obligatory attribute of a contract.

    A distinct performance obligation means it's not a multiple performance obligation.
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