How are internally generated R&D activities treated under GAAP and IFRS?

	a.	R&D is expensed under both U.S. GAAP and IFRS.
	b.	Research is expensed, and development is capitalized under both U.S. GAAP and IFRS.
	c.	R&D is expensed under U.S. GAAP, while research is expensed, and development is capitalized under IFRS.
	d.	R&D is capitalized under both U.S. GAAP and IFRS.