1L Conditional Formatting Font Alignment Number Format as Table Cell Styles Cells x fx A IB C D E G H I BE SURE TO ANSWER ALL REQUIRED QUESTIONS (a) through (d) AND SHOW ALL COMPUTATIONS AND WORK IN SUPPORT OF YOUR ANSWERS 8. OB Inc. incurred research and development costs of $500,000 in 2019 of which $125,000 of these costs relate to development activities with certain criteria having been met suggesting an intangible asset has been created. a. What amount should QB Inc. recognize as research and development expense in 2019 using U.S. GAAP? b. What amount should QB Inc. recognize as research and development expense in 2019 using IFRS? in c. As a result of research and development costs, what difference in income does QB Inc. report between using U.S. GAAP and IFRS in 2019? ANOS H. As a result of research and development costs, what difference does QB Inc. ralize in Stockholder's equity between using U.S. GAAP and IFRS in 2019