During the year, Green, Inc., incurs the following research expenditures:
Green's qualifying research expenditures for the year are:

Question

During the year, Green, Inc., incurs the following research expenditures: ​
 Green's qualifying research expenditures for the year are:

Quizplus · Accepted Answer

Green, Inc.'s qualifying research expenditures for the year are equal to the sum of the costs incurred for wages, supplies, and contracted research.

Qualifying research expenditures = $80,000 (wages) + $10,000 (supplies) - $6,500 (50% of $13,000 contract research) = $79,500.

Therefore, the best choice is C.

During the Year, Green, Inc