Class B shares of a mutual fund are typically charged a back-end load when the shares are redeemed.

Which of the following research and development related costs should be capitalized and depreciated over current and future periods?

a. Research and development general laboratory building which can be put to alternative uses in the future b. Inventory used for a specific research project c. Administrative salaries allocated to research and development d. Research findings purchased from another company to aid a particular research project currently in process

The "Virgin" brand is a global brand with several brand extensions

Indicate whether the statement is true or false