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  3. x. w. research and development costs are typically

X. W. Research and development costs are typically accounted for as assets under GAAP, with...

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Accounting

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X. W. Research and development costs are typically accounted for as assets under GAAP, with the exception of the cost of formally abandoned projects. Amortization of legally-provided intangibles (patents, copyrights, trademarks, and tradenames) is usually done over the legal life of the intangible. y. Goodwill is an intangible asset that is amortized over its estimated useful life. Z. Liabilities are valued at their fair market value on the balance sheet. aa. The sale of treasury stock acquired for $20 per share for $40 per share results in the issuing company recognizing income of $20 per share. bb. If a corporation issues $10 par value common stock for $18 per share, the Common Stock account will report $18 per share issued

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