That a causal relationship between current R&D and future revenue has not been demonstrated was among the FASB's justifications for expensing all R&D.

Name: That a causal relationship between current R&D and future revenue has not been demonstrated was among the FASB's justifications for expensing all R&D.
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Quizplus · Accepted Answer

This statement is true. The lack of a demonstrated causal relationship between R&D and future revenue was one of the main reasons why the FASB decided to require expensing of all R&D costs.

That a Causal Relationship Between Current R&D and Future Revenue