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A 3305 Chapter 18, # 3 Question - Mozart Inc.




Question;Mozart Inc. signed a contract with Bortz Corp. on January 1, 2014. The contract called for Mozart to deliver two specially machines to Bortz, the first machine (Machine A) will make the first component to a new automated-assist walker for senior citizens. Machine A will be delivered to Bortz on May 1, 2014. The second machine (Machine B) will make the second component of the walker, and will be delivered on January 31, 2015. Units produced by Machine A are not useable without the second component which willbe manufactured by Machine B.Under the expected new revenue recognition standard, does this contract contain one or two performance obligations?


Paper#39981 | Written in 18-Jul-2015

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