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The questions are shown in the picture Question #5 Yahoo! reported the following in its 2013 financial statements (in thousands): December 31, December 31, December

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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. 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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