ts) Which principle has FASB used to determine the accounting method for recordin elopment costs? 4 Systematic allocation over the life of the asset Minimization of income tax payments Associating the cause of the expense with its recognition Immediate recognition of costs with no certain future benefit

FINANCIAL ACCOUNTING
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Chapter1: Financial Statements And Business Decisions
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ts) Which principle has FASB used to determine the accounting method for recording research and
development costs? (7)
ہے
O Systematic allocation over the life of the asset
O Minimization of income tax payments
O Associating the cause of the expense with its recognition
O Immediate recognition of costs with no certain future benefit
Transcribed Image Text:ts) Which principle has FASB used to determine the accounting method for recording research and development costs? (7) ہے O Systematic allocation over the life of the asset O Minimization of income tax payments O Associating the cause of the expense with its recognition O Immediate recognition of costs with no certain future benefit
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There are specific methods of accounting for different activities and there is specific method of accounting of research and development cost.

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