Bad Debts Expense is recorded in the year the sale was earned when using the income statement approach

In order to be enforceable, a covenant not to compete must be reasonable in each of the following

aspects except: A) Scope (i.e., activities affected) of the restriction. B) Amount paid to the one who gives up the right to compete. C) Geographic area of the restriction. D) Length of time the restriction is in effect.

During a proper requirements collection process, the requirements can be added iteratively and implicitly

Indicate whether the statement is true or false