Since economic benefits derived from intangible assets are uncertain, their costs of acquisition should be expensed in
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Since economic benefits derived from intangible assets are uncertain, their costs of acquisition should be expensed in the period when they are incurred.
Which principle is put into practice in this statement?
(a) Going concern principle
(b) Matching principle
(c) Prudence principle
(d) Accrual principle AppendixLO1
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Related Book For
Financial Accounting And Reporting A Global Perspective
ISBN: 9781844802500
2nd Edition
Authors: Michel J. Lebas, Herve Stolowy, Michael Lebas
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