There Are Three Phases to the Program Development Life Cycle

question 2

True/False

There are three phases to the program development life cycle.

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Definitions:

Revenue Recognized

The process of recording revenues in the financial statements when they are earned and measurable, regardless of when cash is received.

Accounting Period

The specific time span for which financial information is reported, generally a quarter or a year.

Financial Statements

Reports that provide information about an entity's financial performance and position.