Critical Thinking Questions Case 1 Professor Mackenzie Is Answering Questions

question 9

Multiple Choice

Critical Thinking Questions Case 1 Professor Mackenzie is answering questions from students in her class as she explains the program development life cycle in her introductory Visual Basic course. When does Professor Mackenzie tell her students that program documentation should occur?

• A) As the program requirements are being gathered and analyzed.
• B) As the program is being designed and coded, and after that process is completed.
• C) Before the user interface and program processing objects are designed
• D) After the program has been successfully tested.

---

Definitions:

Necessary Cash

The minimum amount of cash required by a company to carry out its day-to-day operations.

Contra Asset Account

An account on a company's balance sheet representing deductions from the gross amount of an asset, such as accumulated depreciation on fixed assets.

Allowance for Doubtful Accounts

An accounting method used to estimate the portion of a company's receivables that may not be collected, reducing the accounts receivable balance accordingly.

Uncollectible Accounts

Uncollectible accounts are receivables that a company deems uncollectable and likely will not be recovered, often written off as a bad debt expense.