On its 2016 income statement, abbott laboratories reported research and development expense of $1,422,000,000. which of the following statements must be true? select one: a. abbott laboratories spent $1,422,000,000 in cash to develop new products and improve old products. b. research and development expense reduced abbott laboratories 2016 net income by $1,422,000,000. c. abbott laboratories capitalized at least $1,422,000,000 of research and development costs in 2016. d. the $1,422,000,000 included amortized research and development costs from prior years that were not previously expensed, because abbott laboratories incurs such expenses each year. e. none of the above

Which of the following statements accurately describes how costs and benefits are calculated?

Concrete consulting co. has the following accounts in its ledger: cash; accounts receivable; supplies; office equipment; accounts payable; jason payne, capital; jason payne, drawing; fees earned; rent expense; advertising expense; utilities expense; miscellaneous expense. transactions oct. 1 paid rent for the month, $3,600. 3 paid advertising expense, $1,200. 5 paid cash for supplies, $750. 6 purchased office equipment on account, $8,000. 10 received cash from customers on account, $14,800. 15 paid creditors on account, $7,110. 27 paid cash for miscellaneous expenses, $400. 30 paid telephone bill (utility expense) for the month, $250. 31 fees earned and billed to customers for the month, $33,100. 31 paid electricity bill (utility expense) for the month, $1,050. 31 withdrew cash for personal use, $2,500. journalize the following selected transactions for october 2019 in a two-column journal. refer to the chart of accounts for exact wording of account titles

What is the correct percentage of texas teachers charged with ethics violations each year?