Examlex
Which of the following did NOT play a role in the economic crisis that swept Southeast Asia in the late 1990s?
Patent Amortization
The gradual expense recognition of a patent's cost over its useful life to reflect the consumption of the patent's value over time.
Net Income
Net income is the total profit of a company after all expenses, including taxes and operational costs, have been subtracted from total revenue.
Accounts Payable
The amount of money owed by a company to its creditors for goods and services purchased on credit.
Accrual Basis
An accounting method where revenues and expenses are recorded when they are earned or incurred, regardless of when cash is exchanged.
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