RESEARCH & DEVELOPMENT Definition

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RESEARCH & DEVELOPMENT (R&D) is research as a planned activity aimed at discovery of new knowledge with the hope of developing new or improved products and services. Development is the translation of the research findings into a plan or design of new or improved products and services.

Learn new Accounting Terms

MARGINAL TAX RATE is the top rate of income tax that is charged to individuals on their earnings.

SFAC is Statements of Financial Accounting Concepts.

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