Franklin Company schedules an appointment with High Country Septic Services on May 2.High Country services Franklin's septic system on May 9 and leaves an invoice at that time.Franklin pays the invoice on May 19.On what date does Franklin satisfy its performance obligation?
A)May 2
B)May 9
C)May 19
D)Franklin Company does not have a performance obligation.

Question

Quizplus · Accepted Answer

Franklin Company does not have a performance obligation; High Country Septic Services has the performance obligation, which is satisfied on May 9 when the service is performed.

Franklin Company Schedules an Appointment with High Country Septic Services