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lakkis [162]
3 years ago
6

Crank Co. is a software developer that has accumulated costs related to developing a software application for internal use. The

development is past the preliminary project stage and into the application development stage. Which section of the Accounting Standard Codification best helps Crank's controller determine the proper accounting treatment of the application development stage costs? Enter your response in the answer fields below. Guidance on correctly structuring your response appears above and below the answer fields. Unless specifically requested, your response should not cite implementation guidance.
Business
1 answer:
lawyer [7]3 years ago
7 0

Answer:

Trial balance

Explanation:

I think the best Accounting Standard Codification that will help Crank's controller determine the proper accounting treatment of the application development stage costs is the trial balance.

It will help them to know the amount they have spent so far on the development of the software.

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Based on guidelines established by the accounting manager, Jaime, the accounts payable clerk, makes payments to vendors in order
sergeinik [125]

Answer:

Programmed.

Explanation:

This is a form of decision that is has been made or is been made by as manager just like Jaime the account managing clerk which is repetitive or occurs steadily and over and over. The fact that it happens this steadily makes it a programmed decision.

This decision making are always taken in accordance with some establishment habit, regulations or procedures while the nature of problem that requires a non programmed decision is unstructured and something different. It needs a higher management participation.

In programmed decision making, there could likely be no error in the decisions because it is a routine and managers usually have the information they need to create rules and guidelines to be followed by others.

5 0
3 years ago
To improve its standard of living, a nation’s economy must _____.
Veronika [31]

Answer:

A.grow through innovation

3 0
2 years ago
We have said that strategic management is an evolution and a destination. What does this mean? Discuss in detail
damaskus [11]

Explanation:

Strategic management is an evolution and a destination due to the fact that the organizational strategy is developed in pursuit of objectives and goals. This means that action plans for achieving goals can be changed according to internal or external interference.

A company's strategy is not inert, so strategic management will be carried out according to the market situation, the internal environment and other variables, so that there is monitoring, organization and strategic coordination of the company according to its environment.

4 0
3 years ago
All professional athletes earn a lot of money. wes plays professional football so he makes a lot of money. what type of reasonin
Andru [333]

I believe the answer is: inductive reasoning

In inductive reasoning, the  premises would be viewed as some sort of supply of evidence for the general conclusion. In the example above,

"all professional athletes earn a lot of money"  is the premise that is used as some sort of evidence for " wes makes a lot of money", which is the speaker's conclusion.


4 0
3 years ago
Read 2 more answers
Is money the root of all evil?
SCORPION-xisa [38]

Answer:

No

Explanation:

the lo.ve of mone.y is a root of all kinds of e.v.il” or simply “for the love of money is the root of all e.vil.” Not m.oney itself, but the love of money. That's a key dis.tin.ction. Money itself is neither good nor e.vil.

hope it helps

:DD

5 0
2 years ago
Read 2 more answers
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