All of the Following Statements Are True Regarding Accounting for Software

question 9

Multiple Choice

All of the following statements are true regarding accounting for software development costs except:

• A) Firms must expense as incurred all costs incurred internally in developing computer software until such development achieves the technological feasibility of a product.
• B) Firms must capitalize as incurred all costs incurred internally in developing computer software.
• C) Researchers have found a significant association between costs and future earnings, which support capitalizing and amortizing product development costs permitted by U.S.GAAP and IFRS.
• D) The interpretation of the meaning of technological feasibility has created diversity in the practice of accounting for software development costs.

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Appropriate clothing suitable for a particular occasion or setting.

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The quality of being calm, graceful, and confident in manner or bearing, often under pressure.

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A feeling of self-assurance arising from an appreciation of one's own abilities or qualities.

Posture

Posture is the position in which someone holds their body when standing or sitting, and proper posture is important for health and well-being.