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Instructor-created question Question Help O During 2020, Regeneron Pharmaceuticals spent $210 million on research and development of an antibody treatment that reduces the viral load

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Instructor-created question Question Help O During 2020, Regeneron Pharmaceuticals spent $210 million on research and development of an antibody treatment that reduces the viral load of infections like COVID-19, and shows some evidence of improved clinical outcomes in recent trials. This treatment has not been approved by the FDA and there is a chance that it might fail during human clinical trials. Based on current trends, the Company is hopeful that they will get FDA approval soon. The Company anticipates that once approved, antibody treatment will increase sales for 2020 2021 and 2022 by $100 million each year. A. $210 million will be capitalized in 2020 per US GAAP B. $300 million should be recognized as revenue in 2020 O c. $210 million must be expensed in 2020 because it is considered Research and Development expenses OD. $70 million must be expensed each year, in 2020, 2021 and 2022 respectively. . B. C. D

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