Suppose a company has research costs of $105,000 and development costs of $265,000 for the...
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Accounting
Suppose a company has research costs of $105,000 and development costs of $265,000 for the year. Under U.S. GAAP, what amount would be reported as an expense in the current year's income statement?
Multiple Choice
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$185,000
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$370,000
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$265,000
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$105,000
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