Question: Research and development costs for projects other than software development should be: Select one: A. Expensed in the period they are determined to be unsuccessful.

Research and development costs for projects other than software development should be: Select one: A. Expensed in the period they are determined to be unsuccessful. B. Expensed in the period incurred. C. Deferred pending determination of success. D. Expensed if unsuccessful, capitalized if successful. The distinction between operating and nonoperating income relates to: 11 Select one: A. reliability of measurements. B. consistency of income stream C. primary activities of the reporting entity. D. continuity of income

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