Generally Accepted Accounting Principles (GAAP) Require That Research and Development

question 98

Multiple Choice

Generally accepted accounting principles (GAAP) require that research and development costs to develop a new product be

• A)capitalized in the patents account.
• B)expensed in the period incurred.
• C)capitalized in the research and development costs account.
• D)amortized over the expected economic life of the new product.

---

Definitions:

Last Bit

The final binary digit (bit) in a sequence, which can be of critical importance in data representation and processing.

Word Shift Register

A digital logic circuit that shifts data bits across its register positions, usually by one position, either to the left or right, with each clock pulse.

Bit Shift Left

Bit Shift Left is a bitwise operation in computing where binary digits of a number are moved a specified number of places to the left, often used in multiplication operations.