43、Assume U.S. GAAP (generally accepted accounting principles) applies unless otherwise noted. Two companies are identical except for their accounting treatment of research and development costs. One company expenses all such costs immediately, while the other company capitalizes a portion of the costs. Compared to the company that capitalizes costs, the company that expenses immediately will most likely: A. earn a lower return on assets. B. have lower financial leverage. C. exhibit a smoother pattern of net income over time. D. report lower cash flow from operations in the statement of cash flows.
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发表于 2008-11-5 17:15
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