Question: Research and development costs: Question 12 options: 1) Generally, pertain to activities that occur prior to the start of production. 2) Must be capitalized and

Research and development costs: Question 12 options: 1) Generally, pertain to activities that occur prior to the start of production. 2) Must be capitalized and amortized. 3) May be expensed or capitalized at the option of the reporting entity. 4) Are not allowed under GAAP

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