Research and Development Costs

Multiple Choice

Research and development costs

A) Are expenditures that may lead to patents, copyrights, and new products.
B) Development costs incurred after technological feasibility has been achieved are capitalized and reported on the statement of financial position as an intangible asset.
C) Costs incurred in the research phase are always expenses as incurred.
D) All of the choices are correct regarding research and development costs.