On its 2016 income statement, abbott laboratories reported research and development expense of $1,422,000,000. which of the following statements must be true? select one: a. abbott laboratories spent $1,422,000,000 in cash to develop new products and improve old products. b. research and development expense reduced abbott laboratories 2016 net income by $1,422,000,000. c. abbott laboratories capitalized at least $1,422,000,000 of research and development costs in 2016. d. the $1,422,000,000 included amortized research and development costs from prior years that were not previously expensed, because abbott laboratories incurs such expenses each year. e. none of the above

Northern lights electronics just completed plans to distribute its new tablet. the product has several unique features that differentiate it from competitor products. the marketing team plans to begin a roll-out with to only one traditional retailer for the first two months. this strategy will give consumers the perception of the product’s stand-out personality and increase demand. marketing will proceed with for the next four months, where it plans to distribute to three other retailers, as well. for the last six months of the year, it will initiate distribution agreements with discount retailers and online retailers, and any other electronics store that wants to carry it. the marketing team is confident that the tablet will cycle through the first three stages of its product life cycle quickly. as the tablet reaches maturity during the second half of its first year in the market, it is good strategy to proceed with as described above. intensive distribution; selective distribution; exclusive distribution exclusive distribution; selective distribution; intensive distribution tertiary level distribution; secondary level distribution; mono-level distribution mono-level distribution; secondary level distribution; tertiary level distribution