How many performance obligations can identify

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Due to COVID-19, the hotel industry prices are slashed to almost half. Shangri-la Resort recently advertised a package deal for $250 per night for a couple (breakfast included). During normal times this deal is not breakfast inclusive, the room is charged at $240 and each breakfast costs $60 at the Hotel. A couple from Suva booked the room for 1 night.

Problem 1: How many performance obligations can you identify and what is the transaction price?

A. 1 ; 220
B. 2 ; 250
C. 2 ; 220
D. 1 ; 250

Reference no: EM132904059

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