The accounting of sales and costs of many new technology products has resulted in many ethical and legal controversies.Often,the shelf life of a new product is difficult to assess and therefore how to allocate sales and costs is debatable.A court decision provides guidelines to address these issues.The court decision is an example of:

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The court decision is an example of common law, which refers to legal principles and rules derived from court decisions and precedent rather than from statutes or constitutions. The UCC codification and statutory law refer to laws enacted by legislative bodies, while administrative law deals with regulations made by administrative agencies. While the court decision may have some overlap with these legal categories, it is primarily an example of common law.

The Accounting of Sales and Costs of Many New Technology