A Computer Company Has $2,800,000 in Research and Development Costs

question 163

Multiple Choice

A computer company has $2,800,000 in research and development costs.Before accounting for these costs, the net income of the company is $2,000,000.What is the amount of net income or loss after these R & D costs are accounted for?

• A)$800,000 loss
• B)$2,000,000 net income
• C)$0
• D)Cannot be determined from the information provided.

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