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2. Many companies spend a tremendous amount of money on research and development costs to continuously develop new products. How are such R&D costs accounted

2. Many companies spend a tremendous amount of money on research and development costs to continuously develop new products. How are such R&D costs accounted for?

3. XYZ Corporation pays for advertising costs all the time. Sometimes the company records these payments as assets, and sometimes it records them as expenses. Why would XYZ use different accounting treatments?

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