Firms treat expenditures to develop intangibles internally as assets under U.S. GAAP when _____ the point of technological feasibility; and under IFRS when _____ the point of technological feasibility

a. software development costs are incurred after; development costs are incurred generally after
b. software development costs are incurred after; development costs are incurred generally before
c. software development costs are incurred before; development costs are incurred generally before
d. software development costs are incurred before; development costs are incurred generally after
e. none of the above.

A

Business

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