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Assignment Print 1.pdf - 3 Assignment Print View Award 2.00...

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9/27/2017 Assignment Print View http://ezto.mheducation.com/hm.tpx?todo=c15SinglePrintView&singleQuestionNo=3.&postSubmissionView=13252706474838526&wid=13252706713127631&role… 2/3 3. Award: 2.00 points McAfee sells a subscription to its anti­virus software along with a subscription renewal option that allows renewal at half the prevailing price for a new subscription. How many performance obligations exist in this contract? Identify the best descriptions of performance obligation from the following list. (You may select more than one answer. Single click the box with the question mark to produce a check mark for a correct answers and double click the box with the question mark to empty the box for a wrong answers.) Renewal option Subcription Transaction price Revenue recognizing References Worksheet Difficulty: 1 Easy Learning Objective: 05­05 Determine whether a contract exists, and whether some frequently encountered features of contracts qualify as performance obligations.
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