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What is cathy income or loss before taxes

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Question - Cathy Company incurred $2,500,000 in research and development costs in 2021 that resulted in a new patent for treating COVID-19. Before accounting for these costs, Cathy's 2021 income before tax was $2,000,000. After accounting for these research and development costs what is Cathy's income (or loss) before taxes for 2021?

Reference no: EM133160893

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