[Solved] GAAP That Covers Revenue Recognition for Multiple-Element Arrangements Requires That

Question 240
Multiple Choice

GAAP that covers revenue recognition for multiple-element arrangements requires that a seller recognize revenue for a particular part if:

A)The part has value on a stand-alone basis.
B)Customer acceptance of the part is not contingent on successful delivery of a later part.
C)The part constitutes at least a "preponderance of the fair value" of the total arrangement.
D)Both the part has value on stand-alone basis and customer acceptance of the part is not contingent on successful delivery of a later part are required.

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