Which of the following most likely represents an economic resource? a Unearned revenue from ticket sales for an event. ob An acquired patent DC Retained earnings for the year Previous page 3 4 5 5 Nex MAR Accounting standards allow Alakazam Co to recognize fines on its financial statements. However, Alakazam is not allowed to recognize such items on its tax return. This will most likely result in: a. A deferred tax asset. A deferred to liability OcNeither a detened tax asset nor a deferred tax liability 4 Previous pago 5 6 8 Ned page Finish tar Abra Inc. is developing a new product. During the research stage, Abra incurred $400,000; during the development stage. It incurred another $200,000. How much cost is Abra possibly allowed to capitalize under U.S. GAAP? a $200,000 b$400.000 CSO Previous page Fin 7 Next page