Many Credit Carlo Goldoni (The Servant of Two Masters) with Refining

question 21

Multiple Choice

Many credit Carlo Goldoni (The Servant of Two Masters) with refining and reforming commedia in the 18^th century. What did Goldoni NOT do?

• A) Heighted the use of improvisation
• B) Treated the middle-class characters, like Pantalone, with greater sympathy
• C) Avoided the use of blatantly smutty jokes
• D) All of the above
• E) None of the above

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Definitions:

Historical Cost Principle

An accounting principle that states all assets and liabilities should be recorded and reported at their original purchase cost.

Comparability

A financial accounting principle that allows the financial statements of multiple periods or companies to be comparable with each other.

Conservatism

An accounting principle that mandates recognizing expenses and liabilities as soon as possible when there is uncertainty about the outcome, but only recognizing revenues and assets when they are assured of being received.

Patent Amortization Expense

The gradual expensing of the cost associated with a patent over its useful life, reflecting the consumption of the patent's value.