Since Economic Benefits Derived from Intangible Assets Are Uncertain,the Cost

question 9

Multiple Choice

Since economic benefits derived from intangible assets are uncertain,the cost should be expensed in the period when it incurs.Which principle is put into practice in this statement?

• A) Going concern principle
• B) Matching principle
• C) Prudence principle
• D) Accrual principle

---

Definitions:

Income Assistance

Financial support provided by governmental or non-profit organizations to individuals with insufficient income to meet their basic needs.

War on Poverty

A set of government policies and programs introduced in the 1960s in the United States aiming to reduce poverty and improve the living standards of Americans.

Poverty Rate

The percentage of the population that lives below the national poverty line, a measure reflecting the inability to afford basic needs.

Government Spending

The total amount of money spent by the government on various services, initiatives, and projects, including defense, education, public safety, and infrastructure.