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Under U.S. GAAP, which of the following statements is MOST accurate? Research and development costs are not expensed. Purchased patent and copyright costs are not

Under U.S. GAAP, which of the following statements is MOST accurate?

Research and development costs are not expensed.

Purchased patent and copyright costs are not expensed.

Goodwill cannot be recognized and capitalized in a purchase transaction.

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