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.

Consider the market for gasoline. suppose that, in a competitive market without government regulations, the equilibrium price of gasoline is $3.00 per gallon, and employees at gas stations earn $17.50 per hour. complete the following table by indicating whether each of the statements is an example of a price ceiling or a price floor and whether it results in a shortage or a surplus or has no effect on the price and quantity that prevail in the market. statement price control effect the government has instituted a legal minimum price of $3.40 per gallon for gasoline. the government prohibits gas stations from selling gasoline for more than $3.40 per gallon. due to new regulations, gas stations that would like to pay better wages in order to hire more workers are prohibited from paying more than $14.50 per hour.

Personal financial planning is the process of creating and achieving financial goals? true or false

Amarket that consists of all possible consumers regardless of their specific needs or wants is a