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Identify the contract with a customer

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Question - Ismail Construction enters into a contract to design and build a hospital. Ismail is responsible for the overall management of the project, engineering, site clearance, foundation, construction of the structure, installation of equipment, and overall finishing.

a. How many performance obligations are in this contract? Explain your answer.

As per the given information, there are only 2 requirement as per ASC 606 are fulfilled which are given as under;

1. Identify the contract with a customer.

2. Identify the performance obligations in the contract.

Reference no: EM132939207

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