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Flexisoft Company has had excellent success in developing business software for computers. Management has followed the accounting practice of deferring the research costs for the software until sufficient sales have developed to cover the software cost. Because of past successes, management believes it is improper to charge software research costs directly to expense as current GAAP requires.What are the pros and cons of immediately deferring or expensing these research cost?
1. what are the accounting debits and credits when transactions are processed using bill payments in quickbooks?2.
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In December 2010, Technology University received a $2 million grant from the National Hockey Association to develop an effective neck brace to prevent injuries in its non-goalie hockey players
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