Asked by Ashley Friend on Jun 22, 2024
Verified
Which of the following expenditures cannot be included in R&D costs?
A) indirect costs
B) intangibles purchased from others
C) personnel costs
D) contract services performed for others
R&D Costs
Expenses associated with the research and development of a company's goods or services, which may include labor, materials, and overhead related to the creation and improvement of products or services.
Indirect Costs
Costs that are not directly traceable to a specific project, product, or activity, typically including overheads like administration and utilities.
- Understand the guidelines for financial reporting of research and development expenses under Generally Accepted Accounting Principles.
Verified Answer
Learning Objectives
- Understand the guidelines for financial reporting of research and development expenses under Generally Accepted Accounting Principles.
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