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6 The Paris Corporation incurred $2,900,000 of research cost and $2,100,000 of development cost during the curtent year. Required a. Determine the amount of expense

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The Paris Corporation incurred $2,900,000 of research cost and $2,100,000 of development cost during the curtent year. Required a. Determine the amount of expense recognized on its income statement assuming Paris uses U.S. GAAP. b. Determine the amount of expense recognized on its income statement assuming Paris uses IFRS

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