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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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Net income computed under absorption costing will be: higher than net income under variable costing when units produced are grea
nordsb [41]

Answer:

higher than net income computed under variable costing when units produced are greater than units sold

Explanation:

Absorption costing and variable costing techniques are used to compute the accounting cost of various operation. The calculation procedures of both the techniques are different; that is why the results are different. The net income under absorption costing is higher because it takes into account the indirect expenses and indirect costs. Likewise, absorption costing technique also includes manufacturing or overhead cost.

4 0
3 years ago
The semiconductor business of the California Microtech Corporation qualifies as a component of the entity according to GAAP. The
Mazyrski [523]

Answer:

$1,650,000

Explanation:

Preparation of the lower portion of the 2021 income statement .

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Discontinued operations:

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Loss on discontinued operations(2,700,000)

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(4,350,000-2,700,000)

Therefore the the lower portion of the 2021 income statement is $1,650,000

5 0
2 years ago
What's the main reason a person becomes a supervisor
andrezito [222]
They wanna be nosy and monitor everything you do
7 0
3 years ago
Read 2 more answers
"in which type of operations are you likely to see, at most, only minor variations in the product or service being produced usin
Pani-rosa [81]
Repetitive production
8 0
3 years ago
Answer this question plz n thank you. (posted the 1st n 2nd question. gonna post 2 other ones.)
prohojiy [21]

Answer:

Confidece, and empathy.

Explanation:

Confidence to know you will do great at your job, and empathy to know how others feel about themselves!

Hope this helps! Brainliest plz!

7 0
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