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Which of the following statements is incorrect as it relates to research and development (R&D) expenses? a. R&D costs are expensed as incurred. b. R&D
Which of the following statements is incorrect as it relates to research and development (R&D) expenses?
a. | R&D costs are expensed as incurred. | |
b. | R&D costs include R&D personnel, R&D materials and supplies, and R&D fixed-asset costs. | |
c. | IFRS accounts for research costs and development costs separately. Research costs are always expensed and development costs must be capitalized if certain conditions are met. | |
d. | All of the above are correct. | |
e. | All of the above are incorrect. |
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