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Explain research and development costs and how they must be reported on the financial statements under US GAAP. Explain the metrics used to analyze a
- Explain research and development costs and how they must be reported on the financial statements under US GAAP.
- Explain the metrics used to analyze a company's accounts receivable and how the results are interpreted to support management decision making.
Explain the following concepts:
- 'Aging' of accounts receivable
- Pro forma income
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