GAAP That Covers Revenue Recognition for Multiple-Part Arrangements Requires That

GAAP that covers revenue recognition for multiple-part 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.