Question: A Pharmaceutical company has $ 2 , 0 0 0 , 0 0 0 in research and development costs to develop a vaccine . Before

A Pharmaceutical company has $2,000,000 in research and development costs to develop a vaccine . Before accounting for these costs, the net income of the company is $1,600,000. What is the amount of net income or loss after these R & D costs are accounted for?

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