Which of the following is not true with regard to the relationship between R&D expenses and the value of the company's stock shares as perceived by investors and analysts? Chce There is no evidence that R&D expenses represent value-relevant information to investors. A si increase in R&D expenditures leads to a $5 increase in the market value of the company's stock shares There is a canal retationship between R&D expendtures and future financial benefits. Analysts adjust estimates of unrecorded assets which are then used to adjust reported earnings and book values