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:

Execution: The Discipline

Refers to the critical business practice of effectively implementing strategies and plans to achieve desired results and objectives.

Fuel Engine

A machine designed to convert the chemical energy of fuel into mechanical energy through combustion.

Leadership Effectiveness

The degree to which a leader successfully influences and guides individuals or organizations in achieving their goals.

Motives

The reasons or driving forces behind individuals' actions or behavior.