Which of the Following Controls Is Not a Typical Internal

question 2

Multiple Choice

Which of the following controls is not a typical internal control over intangible assets?

• A) Procedures to provide reasonable assurance that decisions are appropriately made as to when to capitalize or expense research and development expenditures.
• B) Development of amortization schedules that reflect the remaining useful life of patents or copyrights associated with the assets.
• C) Procedures to identify and account for intangible asset impairment.
• D) All of the above are typical controls for intangible assets.

---

Definitions:

Statute Of Limitations

The time limit within which legal action must be initiated, after which claims are no longer valid.

Section 11

A provision of the Securities Act of 1933 that imposes liability on issuers for giving false or misleading information within registration statements.

Blue-Sky Laws

State securities laws designed to protect investors from fraudulent sales practices and securities offerings.

State Securities Laws

State securities laws, also known as "Blue Sky Laws," are regulations at the state level designed to protect investors against fraud and to regulate the sale and offering of securities.