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Author Question: Under U.S. GAAP, research and development costs (R&D) are ________. A) capitalized and ... (Read 54 times)

APUS57

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on: Jul 5, 2018
Under U.S. GAAP, research and development costs (R&D) are ________.
 
  A) capitalized and amortized
  B) capitalized and depreciated
  C) expensed when incurred
  D) expensed when the related product is sold

Question 2

A customer returns merchandise that was delivered in poor condition and that does not meet specification. The account that the seller would debit for the amount of the return is
 a. Sales Returns and Allowances.
   b. Purchase Returns and Allowances.
   c. Sales.
   d. Purchases.


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dreamfighter72

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Reply #1 on: Jul 5, 2018
Answer to Question 1

C

Answer to Question 2

a


APUS57

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Reply #2 on: Jul 5, 2018
Thank you :)


dreamfighter72

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Reply #3 on: Jul 5, 2018
Happy to help you


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