Recognition of Expense Related to Amortization of an Intangible Asset

question 117

Multiple Choice

Recognition of expense related to amortization of an intangible asset illustrates which principle of accounting?

• A) Expense recognition.
• B) Full disclosure.
• C) Revenue recognition.
• D) Historical cost.

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Definitions:

Receptors

Specific proteins in or on cells that recognize and bind to specific substances, triggering a response in the cell.

Taste

The sense that detects flavors in substances, primarily in the mouth.

Organ Of Corti

A structure located in the cochlea of the inner ear, containing hair cells that convert sound vibrations into neural signals for hearing.

Mechanoreceptors

Sensory receptors in the body that respond to mechanical pressure or distortion, important for sensing touch, pressure, stretching, sound, and motion.