A ____ Document Identifies the Purpose of the Program Being

question 92

Multiple Choice

A ____ document identifies the purpose of the program being developed,the application title,the procedures to be followed when using the program,any equations and calculations required,any conditions within the program that must be tested,and any notes and restrictions that must be followed by the program.

• A) notes
• B) requirements
• C) restrictions
• D) matrix

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Definitions:

Unearned Liability

A liability on the balance sheet representing revenues received but not yet earned, typically because the service or good has not yet been delivered.

Zero-Coupon Bonds

Bonds that do not pay periodic interest payments, instead being sold at a discount from their face value and maturing at said value.

Discount Amortization

Discount Amortization refers to the process of gradually reducing the book value of a bond discount over the life of the bond until it reaches its par value.

Interest Expense

This represents the cost incurred by an entity for borrowed funds, which can include loans, bonds, or lines of credit.