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How many performance obligations exist in implied contract

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Reference no: EM132091217

Question - Vroom Vacuums sells the Tornado vacuum cleaner. Each Tornado has a one-year warranty that covers any product defects. When customers purchase a Tornado, they also have the option to purchase an extended three-year warranty that covers any breakage or maintenance. Customers pay 20% less for the extended warranty if they buy it at the same time they buy a Tornado.

How many performance obligations exist in the implied contract for the purchase of a vacuum cleaner?

Identify the best descriptions of performance obligation from the following list. (Select all that apply.)

Reference no: EM132091217

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