Assume McDonalds enters into a contract to sell Billy Bear dolls for Toys4U Stores. Based on the contract, McDonalds displays the dolls in selected stores. Toys4U is not paid until the dolls have been sold by McDonalds, and unsold dolls are returned to Toys4U.
Required:
- Has Toy4U satisfied its performance obligation when it delivers the dolls to McDonalds? Explain your answer.
