Which of the following statements is not true with regard to international accounting standards for research and development costs?
A)Some countries require research costs to be expensed and development costs to be capitalized.
B)Some countries allow the capitalization of R&D costs.
C)The universal practice with regard to R&D costs is to capitalize the expenditures.
D)R&D costs are accounted for in different ways in different countries.

Question

Quizplus · Accepted Answer

The statement that "the universal practice with regard to R&D costs is to capitalize the expenditures" is not true. There is no universal practice or standard for accounting for R&D costs, and different countries or regions may have different requirements or guidelines.

Which of the Following Statements Is Not True with Regard