Under ASC 606, a "performance obligation" is

date：2025-12-30 21:05:49 author：admin browse： time View comments Add Collection

Under ASC 606, a "performance obligation" is

Under ASC 606, a "performance obligation" is:

A. A promise to transfer goods/services to a customer

B. A payment received from a customer

C. A cost incurred to fulfill a contract

D. A legal obligation to deliver goods

Answer: A

Explanation: ASC 606-10-25-1: A performance obligation is a promise to transfer distinct goods/services to a customer.