RE:RE:RE:RE:RE:RE:Why Are They Hiding R&D Off The Books?Another good reason to do this would be to remove need for public disclosure on individual inventions. Subsidiary might be able to hide technology from competitors.
But these are details management should be providing. It's uncomfortable to see the *appearance* of an engineered income statement: removing a large part of R&D and putting that into non standard places in financials.