Question: Use the Codification to find which expenditure qualify as a research and development cost (be sure to cite where you found the answer within the

Use the Codification to find which expenditure qualify as a research and development cost (be sure to cite where you found the answer within the Codification):

a. The salaries of the research staff designing new products

b. The commissions paid to sales staff marketing new products

3. In some cases, preferred stock has some characteristics of a debt instrument.

a. How should the accountant classify such debt in the financial instrument?

b. Reference relevant authorities from the Codification to support your answers.

please put cited

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