You did such a great job on Project I that Rosalie Gerst, your immediate supervisor (the professor) now feels confident you can conduct professional accounting research using the FASB Accounting Standards Codification (ASC). She called an impromptu meeting Wednesday morning to discuss one of the firms largest clients, Larson Industries; a manufacturer of carpentry and other premium handheld and mechanical tools. Rosalie asks, could you prepare a report that addresses multiple complex revenue recognition issues facing Larson Industries new contract with Dynamic Wholesale, Inc.? Further, Rosalie agrees to provide the details of the contract between Larson and Dynamic in a separate document (case study file).