What are some of symptoms by which functional decompositions are identified?
What will be an ideal response?
Classes that result from functional decomposition usually lack attributes that are exposed through methods. In other words, attributes remain inaccessible to the outside world. The public interface of the class has only one operation. Object-oriented concepts and mechanisms such as inheritance, polymorphism, aggregation, or composition are absent. The possibility of reuse does not exist, since functional decomposition is basically an "application analysis" not a system analysis. Components that result from functional decomposition might serve one application well (temporarily), but not a system. Applications are how an information system is used, not its essence and not its entirety.
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Any gains or losses on the sale of bonds normally would be reported in the Other Income (Loss) section of the income statement
a. True b. False Indicate whether the statement is true or false
The Sales Return and Allowances balance would be reported on the work sheet on the
a. debit side of the Balance Sheet columns. b. credit side of the Income Statement columns. c. debit side of the Income Statement columns. d. credit side of the Balance Sheet columns.
Lester Company purchases a piece of equipment on Jan. 2, 2010, for $30,000 . The equipment has an estimated life of eight years or 50,000 units of production and an estimated residual value of $3,000 . Lester uses a calendar fiscal year. The entry to record the amount of depreciation for 2010, using the double-declining-balance method, is:
a. Depreciation Expense– Equipment 4,500 Cash 4,500 b. Cash 5,000 Accumulated Depreciation– Equipment 5,000 c. Depreciation Expense — Equipment 5,500 Accumulated Depreciation– Equipment 5,500 d. Depreciation Expense — Equipment 7,500 Accumulated Depreciation– Equipment 7,500
Which of the following statements is true about successful efforts accounting?
a. It is a depreciation method b. All costs are recorded as assets and then depleted over the resource's useful life. c. The cost of a dry well would be written off immediately as a loss. d. The cost of successful exploration is recorded as an asset and is not written off.