Limitation of financial reporting of intangible assets, Accounting Basics

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Limitation of financial reporting of intangible assets

Question: Which of the following is a limitation of financial reporting related to intangible assets? a. Financial reporting does not distinguish between different types of intangible assets. b. Financial reporting does not reflect changes in the value of intangible assets over time. c. Financial reporting does not provide information about the value of intangible assets. d. Financial reporting does not include intangible assets in the balance sheet.

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Accounting Basics: Limitation of financial reporting of intangible assets

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Accounting Basics: Limitation of financial reporting of intangible assets

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