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Business, 26.03.2020 21:34 ineedhelp2285

A company spends $50,000 this year in research and development for a new drug to cure liver damage. By the end of the year, management feels confident that the new drug will gain FDA approval and lead to higher future sales. What impact will the $50,000 spending have on this year's financial statements?

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A company spends $50,000 this year in research and development for a new drug to cure liver damage....
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