During 2022 Hernandez Company Incurred $1900000 of Research and Development

question 137

Multiple Choice

During 2022 Hernandez Company incurred $1900000 of research and development costs in its laboratory to develop a new product and $220000 in legal fees to patent the product.Use the following tabular analysis to record these costs assuming that the payments were made in cash

• A)Increase Patents $220000 increase Expenses $1900000 decrease Cash $2120000.
• B)Increase Patents and decrease Cash $2120000.
• C)Decrease Cash and increase Expenses $2120000.
• D)Increase Revenues and Cash $2120000.

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Definitions:

Probabilities

The probability of an event happening, expressed numerically between 0 and 1, indicating the event's chance.

Null Hypothesis

A baseline assumption that suggests no significant effect or difference exists, serving as the initial point for conducting tests on statistical significance.

Sample Mean

The average value of a set of numbers, calculated by summing them all up and then dividing by the count of these numbers.

Central Tendency

A statistical measure that identifies a single value as representative of an entire distribution, typically via the mean, median, or mode.