Under GAAP, with Respect to Multiple-Element Arrangements, If the Revenue

question 133

Multiple Choice

Under GAAP, with respect to multiple-element arrangements, if the revenue for a particular part of a multiple-part arrangement does not qualify for separate recognition, it is:

• A)Never recognized.
• B)Recognized when the contract is signed or persuasive evidence of an arrangement exists.
• C)Recognized when revenue for the other parts is recognized.
• D)None of the other answers is correct

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Professionals specialized in the study and treatment of cognitive, emotional, and behavioral aspects of human behavior.

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