Research and development (R&D) costs:
A)Generally pertain to activities that occur prior to the start of production.
B)May be expensed or capitalized, at the option of the reporting entity.
C)Must be capitalized and amortized.
D)None of these is correct.

Question

Quizplus · Accepted Answer

R&D costs generally pertain to activities that occur before production begins, such as the development of new products or processes.

Research and Development (R&D) Costs