The Costs of Research and Development Performed by the Company

question 109

Multiple Choice

The costs of research and development performed by the company for sale to others (but not yet sold) would be included in which of the following accounts?

• A) Research and development expense.
• B) Sales revenue.
• C) Inventory.
• D) Cost of goods sold.

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Definitions:

Meselson and Stahl

Scientists who conducted a landmark experiment in 1958 demonstrating that DNA replication is semiconservative, where each of the original strands serves as a template for a new strand.

Semiconservatively

A method of DNA replication where each of the two parental strands serve as templates for new strands, leading to two daughter molecules each having one old and one new strand of DNA.

Meselson and Stahl

This refers to the scientists Matthew Meselson and Franklin Stahl who, in 1958, conducted an experiment providing evidence supporting the semi-conservative model of DNA replication.

Nucleotide Bases

The building blocks of DNA and RNA, consisting of adenine, cytosine, guanine, thymine (DNA), and uracil (RNA).