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Question #5 Yahoo! reported the following in its 2013 financial statements (in thousands): December 31, December 31, December 31, 2013 2012 2011 Revenues $4,680,380 $4,986,566

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Question #5 Yahoo! reported the following in its 2013 financial statements (in thousands): December 31, December 31, December 31, 2013 2012 2011 Revenues $4,680,380 $4,986,566 $4,984,199 Product development expenditure $1,008,487 $885,824 $919,368 Assume that Yahoo! expensed 90% of its product development expenditure. MFIN5540 Dr. X. Song Required: 1. List three types of costs that Yahoo likely includes in the product development line item on the income statement. 2. Used FSET to record the product development expenditure of 2013. 3. What type of product development expenditure might Yahoo! capitalize

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