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FASB ASC Guide > FASB ASC 730

The Financial Accounting Standards Board (FASB) released the 700 section of the Accounting Standards Codification for the purpose of discussing the braod topic of Expenses. Accounting Standards Codification 730 (ASC 730) was released to address the more specific topic of research and development costs. These costs can be controversial in the minds of investors and have a varying impact on the income statement as certain costs may be capitalized as an asset to the balance sheet, while others must be expensed. The ramifications of this can thus make a company look more or less profitable and have an impact on investor sentiment.

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