A computer company has $4,000,000 in research and development costs.Before accounting for these costs, the net income of the company is $4,800,000.What is the amount of net income or loss before taxes after these research and development costs are accounted for?
A)$800,000 loss
B)$4,000,000 net income
C)$800,000 net income
D)Cannot be determined from the information provided

Question

Quizplus · Accepted Answer

The net income before accounting for research and development costs is $4,800,000. After deducting the $4,000,000 in research and development costs, the net income before taxes is $800,000.

A Computer Company Has $4,000,000 in Research and Development Costs