A computer company has $2,800,000 in research and development costs.Before accounting for these costs, the net income of the company is $2,000,000.What is the amount of net income or loss after these R & D costs are accounted for?

Question

Quizplus · Accepted Answer

The net income after accounting for R&D costs is calculated by subtracting the R&D costs from the initial net income: $2,000,000 - $2,800,000 = -$800,000, indicating an $800,000 loss.

A Computer Company Has $2,800,000 in Research and Development Costs