_______ Provides a Framework for Breaking Down the Development of Software

question 38

Multiple Choice

_______ provides a framework for breaking down the development of software into four gates.

• A) Rapid application development (RAD)
• B) Extreme programming (XP)
• C) Rational unified process (RUP)
• D) Scrum

Explain the concept of fair value as it relates to the reporting of securities and how it affects the balance sheet and income statement.

Recognize the importance and method of initial investment recording at cost.

Discern the impact of unrealized holding gains and losses on net income and equity, depending on the category of the investment.

Grasp the rules for consolidation, including the percentage of ownership that generally signifies control.