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operator treats the resurfacing services included in a service concession arrangement as a separate performance obligation if: A. The resurfacing is to be performed only when the infrastructure deteriorates below a specified condition.  B. The resurfacing is to be performed only when the infrastructure is used beyond a specified level of usage.

operator treats the resurfacing services included in a service concession arrangement as a separate performance obligation if: A. The resurfacing is to be performed only when the infrastructure deteriorates below a specified condition.  B. The resurfacing is to be performed only when the infrastructure is used beyond a specified level of usage.

Financial Reporting, Financial Statement Analysis and Valuation
Financial Reporting, Financial Statement Analysis and Valuation
8th Edition
ISBN:9781285190907
Author:James M. Wahlen, Stephen P. Baginski, Mark Bradshaw
Publisher:James M. Wahlen, Stephen P. Baginski, Mark Bradshaw
Chapter8: Investing Activities
Section: Chapter Questions
Problem 2QE
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An operator treats the resurfacing services included in a service concession
arrangement as a separate performance obligation if:


A. The resurfacing is to be performed only when the infrastructure deteriorates
below a specified condition. 
B. The resurfacing is to be performed only when the infrastructure is used beyond a
specified level of usage.
C. The resurfacing is to be performed regardless of the infrastructure’s condition or
level of usage.
D. Any of these. 

 

Letter A is incorrect. 

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