In the United States, Generally Accepted Accounting Principles Require That

Multiple Choice

In the United States, generally accepted accounting principles require that research and development expenditures be charged against income in the periods in which they are incurred. Application of this principle:

A) Is required for internal financial reporting.
B) Is essential to the appropriate evaluation of investment center performance.
C) Can be the cause of the congruence problem.
D) Is critical to the appropriate measurement of return on investment.