Please read CA12-4 "Accounting for Research and Development Costs" in the wnd of chapter material for chapter 12. Anawer question a),b) and c). In addition to your initial post, please comment or respond to at leaat two of your classmates. CA12-4. ( Accounting dor Researchers and Development Costs)Czeslaw Corporation's research and development department has an idea for project it beleives in a new prosuct that would be very profitable for the company. Because the project will be very expensive, the department requests approvel from the company's controller, Jeff Reid. Reid recognizes that corporate profit has been down lately and is hesitant to appeove a project that will incure significant expenses that cannot be capitalized due to the requirement of the authoritative literature. He knows that if they hire na outside firm that does the work and obtain a patent for the process. Czeslaw Corporation can purchase the patent deom the outaide firm and record the expenditure as an assets. Reid knows that the company's own R and D department is first - rate , and he is confident they can so the work well. Instructions, Answer the following questions. (a) Who are the stakeholders in this situation? (b) What are the ethical issues involved? (c) What should Reid do?