Paragraph 63 of AASB 138 Intangible Assets,prohibits the Recognition of Which

question 38

Multiple Choice

Paragraph 63 of AASB 138 Intangible Assets,prohibits the recognition of which of the following internally generated identifiable intangibles?

• A)Publishing titles
• B)Customer lists
• C)Mastheads
• D)All of the above

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Definitions:

Freud

Sigmund Freud was an Austrian neurologist and the founder of psychoanalysis, a clinical method for treating psychopathology.

Id, Ego, Superego

Components of the human psyche according to Freudian psychoanalytic theory, where the id represents primitive desires, the ego mediates between the id and the external world, and the superego incorporates societal rules and morals.

Emerging Adulthood

A phase of life typically between late teens and early twenties, characterized by exploration, instability, and self-focus as individuals transition from adolescence to adulthood.

Financially Dependent

Relying on someone else for financial support.