Which of the following is true of accounting for research and development cost? Under U.S. GAAP...

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Which of the following is true of accounting for research and development cost? Under U.S. GAAP...

Which of the following is true of accounting for research and development cost?

Under U.S. GAAP accounting for research and development costs violates the conservative principle. OR

The current accounting for research and development costs under U.S. GAAP avoids the probability of companies to manipulate their earnings.

business accounting

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Answer 1

Answer #1

True statement is that Under US GAAP accounting for research and development costs violates the conservative principle.

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