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:

Memorizing

The process of committing something to memory or learning it thoroughly through repetition.

Paraphrasing

Rephrasing someone else's ideas or writing in your own words to clarify or simplify while maintaining the original meaning.

Plagiarism

The act of using someone else's work or ideas without proper attribution, presenting them as one's own.

Grammatical Structure

The arrangement of words and phrases to create well-formed sentences in a language, following specific rules and conventions.