CFA CFA Level 1 CFA Level 1 Question of the Week – Financial Reporting and Analysis

CFA Level 1 Question of the Week – Financial Reporting and Analysis

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    • Matt_AnalystPrep
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      An artificial intelligent start-up in Silicon Valley is working on a software for robot babysitters. Assuming that the firm follows US GAAP, how will the firm’s accountant allocate the Research and Development costs most appropriately?

      • A. Expense the both Research and Development costs.
      • B. Expense the Research cost and capitalize the Development cost.
      • C. Capitalize the Research cost and expense the Development cost.
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