Which of the Following Is Not a Typical Internal Control

question 54

Multiple Choice

Which of the following is not a typical internal control over intangible assets?

• A)Procedures to provide reasonable assurance that decisions are appropriately made as to when to capitalize or expense research and development expenditures.
• B)Development of amortization schedules that reflect the remaining useful life of patents or copyrights associated with the assets.
• C)Procedures to identify and account for intangible asset impairment.
• D)All of the above are typical controls for intangible assets.

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Definitions:

Anterograde Amnesia

A condition affecting memory, where new events post-trauma or onset cannot be committed to long-term memory.

Retrograde Amnesia

A loss of memory-access to events that occurred, or information that was learned, before an injury or the onset of a disease.

Motivated Forgetting

A psychological theory that suggests individuals may forget unwanted memories, either consciously or unconsciously, due to the memories being distressful or threatening.

Anxiety-Arousing Memories

Recollections of past events that trigger feelings of fear, worry, or apprehension.