Question

An extended warranty contract (Select all that apply.) provides protection beyond the manufacturer's original warranty. is considered an integral part of the related product. essentially constitutes a separate performance obligation.

Answer 1

Answer:

provides protection beyond the manufacturer's original warranty.

essentially constitutes a separate performance obligation.

Explanation:

An extended warranty contract can be defined as an elongation of the coverage period on a service agreement between a manufacturer and the customer.

An extended warranty contract;

1. provides protection beyond the manufacturer's original warranty.

2. essentially constitutes a separate performance obligation.