A Computer Company Has $3,000,000 in Research and Development Costs

question 198

Multiple Choice

A computer company has $3,000,000 in research and development costs. Before accounting for these costs, the net income of the company is $3,600,000. What is the amount of net income or loss before taxes after these research and development costs are accounted for?

• A) $600,000 loss.
• B) $3,000,000 net income.
• C) $600,000 net income.
• D) Cannot be determined from the information provided.

---

Definitions:

British Columbia

A province located on the western coast of Canada, known for its natural beauty and diverse landscapes.

Infant

A legally defined term for a child or a person who is not yet at the age of majority, typically considered to be under 18 years old.

Contract

A legally binding agreement between two or more parties that outlines the terms and conditions of their relationship or transaction.

Parents

Biological, step, or adoptive guardians who bear responsibility for raising and caring for children.