User Acceptance Testing Has Just Been Completed on a New

question 26

Multiple Choice

User acceptance testing has just been completed on a new application and it is ready for the rest of the userbase at Fictional Corp to start using it. Which of the following environments should the application be copied to?

• A) QA
• B) Production
• C) Development
• D) Archive

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Definitions:

IFRS

Stands for International Financial Reporting Standards, which are a set of accounting rules used by companies to maintain their financial statements globally, fostering transparency and comparability.

Direct Method

A cash flow statement preparation approach that separately lists major classes of gross cash receipts and payments.

Indirect Method

A method used in cash flow statements to adjust net income for changes in non-cash accounts to compute net cash from operating activities.

Prepaid Rent Expense

An advance payment for rent that is recorded as an asset until the period to which it relates passes.