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 basisb. customer acceptance of the part is not contingent on successful delivery of a later partc. the part constitutes at least a "preponderance of the fair value" of the total arrangementd. 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.

What is the communication process? why isnt it possible to communicate without using all the elements in the communication process?

Which of the following statements is correct? large corporations are taxed more favorably than sole proprietorships. corporate stockholders are exposed to unlimited liability. due to limited liability, unlimited lives, and ease of ownership transfer, the vast majority of u.s. businesses (in terms of number of businesses) are organized as corporations. most businesses (by number and total dollar sales) are organized as partnerships or proprietorships because it is easier to set up and operate in one of these forms rather than as a corporation. however, if the business gets very large, it becomes advantageous to convert to a corporation, mainly because corporations have important tax advantages over proprietorships and partnerships. most business (measured by dollar sales) is conducted by corporations in spite of large corporations’ often less favorable tax treatment, due to legal considerations related to ownership transfers and limited liability.

What is the second step in communication planning? determine the purpose of the message outline the communication for delivery determine the best channel of communication clarify objectives identify the audience