Examlex
For each of the following intangible assets, indicate the amount of amortization expense that should be recorded for the year 2014 and the amount of accumulated amortization on the balance sheet as of December 31, 2014.
Solvency
The ability of an entity to meet its long-term financial obligations and continue its operations into the foreseeable future.
ASPE
Accounting Standards for Private Enterprises; a set of accounting practices and standards for private companies in Canada.
IFRS
International Financial Reporting Standards, a set of accounting standards developed by the International Accounting Standards Board (IASB) that serve as a global framework for preparing financial statements.
Comparability
An accounting principle that ensures financial statements can be consistently compared across different periods and entities.
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