The acquisition of Curatics, the independent research company; should include expense of $148,000 because their R&D helped produce the pharmaceutical business! No? Therefore the total expense cost in regards to R&D should be 620K + 75K + 148K = 843K Correct?

The acquisition of Curatics, the independant research company,

Maltese Laboratories incurred the following research and developments costs related to it pharmaceutical business: Internal projects (salaries, supplies, overhead for R&D facilities) Payment to acquire R&D from a third party related to a specific project Costs of an R&D project to be sold under contract to Libo Pharmacy, a third party In-process R&D associated with the acquisition of Curatics, an independent research company. $620,000 75,000 82,000 148.000 What amount should Maltese report as research and development expense in its income statement? Maltese Laboratories incurred the following research and developments costs related to it pharmaceutical business: Internal projects (salaries, supplies, overhead for R&D facilities) Payment to acquire R&D from a third party related to a specific project Costs of an R&D project to be sold under contract to Libo Pharmacy, a third party In-process R&D associated with the acquisition of Curatics, an independent research company. $620,000 75,000 82,000 148.000 What amount should Maltese report as research and development expense in its income statement