Which Statement Is Correct? Under the Current Accounting Standards Applying

question 21

Multiple Choice

Which statement is correct? Under the current accounting standards applying to intangible assets:

• A) no internally developed intangible assets should be recognised in the accounts
• B) all internally developed intangible assets should be recognised in the accounts
• C) some internally developed intangible assets should be recognised in the accounts
• D) only goodwill developed internally should not be recognised in the accounts

---

Definitions:

Early-Maturing Boys

Young males who experience physical and hormonal puberty changes earlier than the average age range for their peer group, affecting them both psychologically and socially.

Substance Abuse

The damaging or dangerous consumption of mind-altering substances, such as alcohol and illegal drugs.

Late-Maturing Boys

Refers to boys who experience puberty and its associated growth spurts later than the average age range for their gender and cultural group.

Calcium Intake

The amount of calcium consumed through dietary sources or supplements, essential for the development and maintenance of healthy bones and teeth.