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The Costs Associated with the Development of Software,for Sale or Internal

question 17

True/False

The costs associated with the development of software,for sale or internal use,should be expensed in the period incurred.


Definitions:

Corporations

Legal entities that are separate and distinct from their owners, with the rights to own property, sue or be sued, and conduct business.

States

Defined territorial areas within a country, each with its own government and regulatory powers.

Corporation

A legal entity that is separate and distinct from its owners, who are shareholders; it has rights, privileges, and liabilities independent of those of its members.

Owners

Individuals or entities that legally possess, control, and derive benefits from property or a business.

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