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Mazyrski [523]
2 years ago
8

Raphael Corp. incorrectly expensed a major addition to equipment when the company should have capitalized the expenditure. What

are the financial statement effects in the year the error was made
Business
1 answer:
noname [10]2 years ago
7 0

When Raphael Corp. incorrectly mentioned an expense of equipment addition instead of capitalizing the effect of the same, then in such case, the net income of the company is understated in the financial statements.

<h3>What is net income?</h3>

The income which is left at the end of an organization at the end of a financial period after making all the regulatory and compliant payments and deductions, such as taxes and depreciation, it is known as net income.

Hence, the significance of net income is aforementioned.

Learn more about net income here:

brainly.com/question/15570931

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Projects where management has a choice in implementing them are called _____ projects.
gregori [183]

They are called non-discretionary project.

A discretionary project is one that needs a governmental entity to apply judgement or consideration in determining whether the project will be authorized or if a permit will be provided.

Non-discretionary projects are those that must be completed or funded by law, policy, health and safety, or court order. These are the steps you must take. For example, reacting to court orders or external proposals such as rights-of-way applications or drilling licenses.

Non-Discretionary Items are expenditures due by the Partnership for taxes, utilities, insurance, debt service, and costs, as well as other payments owed by the Partnership under contracts or agreements.

Therefore, the blank is to be filled by non-discretionary project.

To know more about non-discretionary project click here:

brainly.com/question/16485027

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3 0
2 years ago
According to path-goal theory, _____ are similar to initiating structure and include setting goals, showing subordinates how to
Oduvanchick [21]

Answer:

directive behaviors

Explanation:

Path-goal theory is a theory developed on the concept of leadership.

It believes that when the leader that is the management follows a directive behavior that is it straight away provides guidance about the responsibility of the job, the nature of work to be done and the method of doing such job, then it automatically creates a aim and objective of the work done.

Directive behavior influences lower management about the technique of doing job early and that the work is done in the manner defined.

This itself aims at descriptive in nature, along with being directive.

6 0
3 years ago
To start out, general operating expense should not exceed<br> O 7%<br> 33%<br> 2596<br> O<br> 10%
marshall27 [118]

Answer:

25%.

To start out, general operating expense should not exceed 25%.

Add-on:

i hope this helped at all.

8 0
3 years ago
Name of one Primary attractions(Subject Tourism)​
MrMuchimi
5948363344y red 2838
7 0
3 years ago
Your résumé should be one-of-a-kind. True False?
den301095 [7]

Your résumé should be one-of-a-kind is True.

  • True

<u>Explanation:</u>

Each resume is a stand out showcasing a correspondence. It ought to be suitable to your circumstance and do precisely what you need it to do. Most continues use the great switch sequential configuration. Your name and contact data go at the top, followed quickly by your business history. Truly it is the substance of your resume that issues more than all else and those tricks sit idle however aim interruptions.

Beginning with your current or most latest position and strolling back through time, this arrangement doubtlessly shows enrollment specialists precisely where you've been including instruction, unique research, introductions you've given and papers or books you've had distributed.

7 0
4 years ago
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