Create an account to track your scores
and create your own practice tests:
Test: CPA Financial Accounting and Reporting (FAR)
1. | Coleman Inc produces software for sale and internal use. In the current year, Coleman incurred the following costs: research & development costs outsourced to a third party of $30,000; design and testing of preproduction prototypes of $110,000; testing in search for new products of $15,000; and quality control costs of $18,000. What amount of costs should be expensed as research & development in the current year? |
$155,000
$188,000
$140,000
$173,000
Popular Subjects
MCAT Tutors in Seattle, SAT Tutors in Boston, Biology Tutors in San Diego, Chemistry Tutors in New York City, Calculus Tutors in Denver, English Tutors in Dallas Fort Worth, Reading Tutors in Atlanta, Computer Science Tutors in New York City, Biology Tutors in Boston, MCAT Tutors in Dallas Fort Worth
Popular Courses & Classes
ISEE Courses & Classes in Miami, GMAT Courses & Classes in New York City, ISEE Courses & Classes in New York City, ACT Courses & Classes in New York City, SSAT Courses & Classes in Chicago, SSAT Courses & Classes in Boston, LSAT Courses & Classes in Miami, GMAT Courses & Classes in Phoenix, SAT Courses & Classes in Houston, SAT Courses & Classes in Los Angeles
Popular Test Prep
ISEE Test Prep in San Diego, GMAT Test Prep in Los Angeles, GMAT Test Prep in Phoenix, SAT Test Prep in Chicago, SSAT Test Prep in Seattle, SSAT Test Prep in San Francisco-Bay Area, LSAT Test Prep in Chicago, GMAT Test Prep in Chicago, SAT Test Prep in Miami, ISEE Test Prep in Los Angeles
