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A company reported $120 million in research expenses on its income statement. An analyst believes...

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Accounting

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A company reported $120 million in research expenses on its income statement. An analyst believes that the total amount of the research expenses should be capitalized. Please list six accounting adjustments to capitalize research expenses, assuming 3-year straight-line amortization, 8 months of amortization for the current year, and zero tax rate for the company

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