Presented listed below are a number of operational guidelines andpractices that have arisen over time.Select the assumption, principle, or constraint the mostappropriately justifies these procedures and practices.

You are watching: Intangible assets are amortized over periods benefited.

(a) Fair value alters are not well-known in the accountingrecords.

EconomicEntity AssumptionMaterialityFull Disclosure PrincipleMeasurementPrinciple (historical cost)Expense acknowledgment PrincipleMeasurementPrinciple (fair value)Revenue recognition PrincipleExpenseRecognition and Revenue acknowledgment PrinciplesPeriodicityAssumption

(b) Financial info is presented so the investors will certainly notbe misled.

ExpenseRecognition and Revenue acknowledgment PrinciplesPeriodicityAssumptionRevenue acknowledgment PrincipleMeasurement Principle(historical cost)Full Disclosure PrincipleExpense RecognitionPrincipleMaterialityMeasurement rule (fair value)EconomicEntity Assumption

(c) Intangible assets room capitalized and also amortized over periodsbenefited.

MeasurementPrinciple (fair value)Full Disclosure PrincipleExpense Recognitionand Revenue recognition PrinciplesPeriodicityAssumptionMaterialityMeasurement principle (historical cost)RevenueRecognition PrincipleExpense recognition PrincipleEconomic EntityAssumption

(d) Agricultural companies use fair value for functions of valuingcrops.

EconomicEntity AssumptionPeriodicity AssumptionRevenue RecognitionPrincipleExpense Recognition and Revenue RecognitionPrinciplesMeasurement rule (historical cost)MeasurementPrinciple (fair value)Full Disclosure PrincipleExpense RecognitionPrincipleMateriality

(e) Each enterprise is retained as a unit distinct from that is owner orowners.

MaterialityEconomicEntity AssumptionExpense Recognition and also Revenue RecognitionPrinciplesPeriodicity AssumptionExpense RecognitionPrincipleMeasurement rule (historical cost)Revenue RecognitionPrincipleMeasurement rule (fair value)Full DisclosurePrinciple

(f) All far-reaching post-balance-sheet occasions are reported.

MeasurementPrinciple (historical cost)Periodicity AssumptionMaterialityExpenseRecognition PrincipleRevenue recognition PrincipleExpenseRecognition and also Revenue recognition PrinciplesMeasurement Principle(fair value)Full Disclosure PrincipleEconomic reality Assumption

(g) Revenue is tape-recorded at suggest of sale.

ExpenseRecognition and also Revenue acknowledgment PrinciplesMeasurement Principle(historical cost)Full Disclosure PrincipleMaterialityPeriodicityAssumptionMeasurement principle (fair value)Expense RecognitionPrincipleEconomic entity AssumptionRevenue RecognitionPrinciple

(h) All important facets of link indentures are presented infinancial statements.

MaterialityPeriodicityAssumptionMeasurement rule (historical cost)Full DisclosurePrincipleMeasurement rule (fair value)Expense RecognitionPrincipleEconomic reality AssumptionRevenue RecognitionPrincipleExpense Recognition and also Revenue recognition Principles

(i) Rationale because that accrual accounting.

RevenueRecognition PrincipleExpense Recognition and Revenue RecognitionPrinciplesFull Disclosure PrincipleMeasurement principle (fairvalue)Expense acknowledgment PrincipleMaterialityEconomic EntityAssumptionPeriodicity AssumptionMeasurement principle (historicalcost)

(j) The use of consolidated explanation is justified.

RevenueRecognition PrincipleExpense Recognition and Revenue RecognitionPrinciplesExpense acknowledgment PrincipleEconomic EntityAssumptionPeriodicity AssumptionMeasurement rule (historicalcost)MaterialityFull Disclosure PrincipleMeasurement Principle(fair value)

(k) Reporting must be excellent at defined time intervals.

MeasurementPrinciple (historical cost)Expense Recognition and RevenueRecognition PrinciplesMeasurement rule (fair value)ExpenseRecognition PrincipleEconomic entity AssumptionFull DisclosurePrincipleRevenue acknowledgment PrinciplePeriodicityAssumptionMateriality

(l) An pin money for hesitant accounts is established.

FullDisclosure PrincipleExpense recognition PrincipleMeasurementPrinciple (fair value)Economic reality AssumptionRevenue RecognitionPrincipleMaterialityExpense Recognition and also Revenue RecognitionPrinciplesPeriodicity AssumptionMeasurement rule (historicalcost)

(m) Goodwill is recorded only at time the purchase.

ExpenseRecognition PrincipleRevenue recognition PrincipleMeasurementPrinciple (historical cost)Periodicity AssumptionExpenseRecognition and also Revenue acknowledgment PrinciplesFull DisclosurePrincipleMaterialityMeasurement principle (fair value)EconomicEntity Assumption

(n) A company charges that is sales commission costs to expense.

See more: February 17Th, 1864 Richmond $20 Confederate 20 Dollar Bill Value

MeasurementPrinciple (fair value)Economic entity AssumptionExpense RecognitionPrincipleRevenue recognition PrincipleExpense acknowledgment andRevenue recognition PrinciplesFull Disclosure PrinciplePeriodicityAssumptionMeasurement rule (historical cost)Materiality


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