This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: Under U.S. GAAP, research and development costs (R&D) are ________. A) capitalized and ... (Read 110 times)

APUS57

  • Hero Member
  • *****
  • Posts: 571
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.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

dreamfighter72

  • Sr. Member
  • ****
  • Posts: 355
Reply #1 on: Jul 5, 2018
Answer to Question 1

C

Answer to Question 2

a


APUS57

  • Hero Member
  • *****
  • Posts: 571
Reply #2 on: Jul 5, 2018
Thank you :)


dreamfighter72

  • Sr. Member
  • ****
  • Posts: 355
Reply #3 on: Jul 5, 2018
Happy to help you


« previous next »
 

Did you know?

Medication errors are more common among seriously ill patients than with those with minor conditions.

Did you know?

The oldest recorded age was 122. Madame Jeanne Calment was born in France in 1875 and died in 1997. She was a vegetarian and loved olive oil, port wine, and chocolate.

Did you know?

Human kidneys will clean about 1 million gallons of blood in an average lifetime.

Did you know?

The calories found in one piece of cherry cheesecake could light a 60-watt light bulb for 1.5 hours.

Did you know?

Many of the drugs used by neuroscientists are derived from toxic plants and venomous animals (such as snakes, spiders, snails, and puffer fish).

Field research on free-living primates allows primatologists to study patterns of behavior in the se Field research on free-living primates allows primatologists to study patterns of behavior in the se
Gray Matter Development over the Surface of the Cortex Gray Matter Development over the Surface of the Cortex
Industrial Development Industrial Development
Fetal development Fetal development
Research Research
Video: Regulation of GFR: autoregulation via tubuloglomerular feedback, neural & hormonal regulation

For a complete list of videos, visit our video library