1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Nataly_w [17]
2 years ago
12

Improperly capitalizing a repair and maintenance expense item as fixed asset will result in:____.

Business
1 answer:
Fudgin [204]2 years ago
5 0

Improperly capitalizing a repair and maintenance expense item as a fixed asset will result in an <u>overstatement of profit in the current year and an understatement in future years</u>.

Fixed assets seek advice from long-term tangible assets which can be used inside the operations of an enterprise. They offer long-term monetary advantages, have a useful existence of a couple of yr, and are labeled as assets, plants, and equipment on the balance sheet.

Fixed assets, additionally called lengthy-lived assets or property, plant, and the system is a term utilized in accounting for assets and belongings that can't effortlessly be transformed into cash. Fixed assets are unique from the contemporary property, which includes coins or bank accounts because the latter are liquid property.

Fixed assets are capitalized. It really is due to the fact the advantage of the asset extends past the year of buy, not like different costs, which might be length expenses benefitting handiest the duration incurred. constant assets should be recorded at a price of the acquisition

Learn more about Fixed assets here brainly.com/question/20289326

#SPJ4

You might be interested in
Tempest Enterprises began operations on January 1, 20x1, with all of its activities conducted from a single facility. The compan
Ray Of Light [21]

Answer:

100% will be included in the Income Statement

Explanation:

Always remember that the depreciation calculated for the accounting period can be apportioned as per the International Accounting Standard IAS 2, which says that expenses must be classified in a manner that results in the truth & fairness of the Financial Statements. This means that if depreciation calculated is $500 then the whole of this depreciation will be expensed out in the income statement. It's 20% might go to selling activities, 35% to administrative activities, and 45% to manufacturing activities.

<h3><em>B</em><em>ut remember that the depreciation calculated for the accounting period would be expensed out by $500 in the income statement, for the period generated.</em></h3>
3 0
3 years ago
Cassie has a line of vanilla-scented body lotion. She has recently decided to add vanilla-scented body scrub and vanilla-scented
Stels [109]

The answer is D. Line extension

8 0
3 years ago
Read 2 more answers
The 1950s were marked by great suspicion about advertisers and their potential persuasive powers. Do you see any lingering effec
Mars2501 [29]

Answer: Yes I do.

Explanation:

The 1950s were a time of great fear to people in the developed world. They feared that as the Cold War was just beginning, there were being watched by foreign powers and that they couldn't trust a lot of people because they didn't know who was who. Especially in America where the fear of Communism gripped the nation. They did not know if certain adverts were Communist Propaganda and they feared that sometimes the information government's had about them was used to Target them.

This fear is still quite evident today. Take the 2016 Election rumours for instance. Certain Social media platforms claimed that foreign powers used their sites to advertise the President and get him elected. The ease by which this was accepted showed that people do indeed still have fear advertising.

3 0
3 years ago
Read 2 more answers
A notice is published stating that RMO 5% convertible preferred stock will be called at $60 per share. The preferred is converti
dybincka [34]

Answer: d. A price near $60

Explanation:

The Preferred Stock was selling at $56 then a notice was circulated that RMO would be calling the stock at a price of $60.

This $60 is more than the current $56 and so this will need to reflect in the price of the stock. The adjustment will cause the Preferred stock to start trading near $60 as traders will seek to take advantage of the impending call by buying at a lower price and thus making a bit of profit when the stock is called at $60. The market will adjust to this because the Preferred stock will be perceived as undervalued. A price closer to the Call price will therefore become the new price to properly value the stock.

6 0
3 years ago
Reflect on the various factors that affect development, both prenatally and postnatally. Select one factor and share a way that
katen-ka-za [31]

Answer:

A variety of factors affect development, prenatally and postnatally. A non-biological factor, the drug use by parents before and after child´s birth, affect both.

Explanation:

Drug use before, during and after pregnacy problem outcomes form, both  individual and environmental reasons. Drug prevention and treatment, traditionally  focused on changing individual behaviours have had very limited impact , as the environment hasn´t had necessary change, and the social determinants of  drug use have increased, with exacerbating factors that include cognitive limitations, poor parenting  and low family socio-economic status,  causing the development of  children, not receiving the nutrition and stimulation necessary, to be significantly impeded since the very conception, causing genetic predisposition  to drug use; in neonatal and infancy, the consequence might be to get a child with difficult temperament , in preschool, children could develop early behavioural and emotional disturbances, such as oppositional defiant disorder or, depression ; in primary school, children could be unable to self-regulate emotions and behaviour ; if they get to high school, children may be exposed to drug-using social contexts.

3 0
3 years ago
Other questions:
  • Energy-wise Builders, Inc., a leader in residential housing, recently negotiated a financing arrangement with First Pennsylvania
    5·1 answer
  • Felipe works for an insurance agency with about 50 employees. The HR director recently sent an email requesting information on w
    7·1 answer
  • For high levels of quantity supplied where firms have reached near maximum capacity, supply becomes less elastic because firms m
    13·2 answers
  • As leader of your company's Web team, you have been asked to give an oral presentation of plans for your company's new Website.
    7·1 answer
  • A cost imposed on someone who is neither the consumer nor the producer is called a
    8·1 answer
  • Jessica works for ABC Shoes. At​ ABC, Jessica is responsible for establishing​ structure, strategic​ goals, and guiding her empl
    9·1 answer
  • A pet shop owner had a parrot with a sign on its cage that said "Parrot repeats everything it hears". Davey bought the parrot an
    12·1 answer
  • Match the following terms to the appropriate definition (or partial definition). Each definition is used once."Definltlon (or Part
    5·1 answer
  • If you were charged $1152 in taxes on a $2560 purchase. What percent tax were you charged
    11·1 answer
  • Yong teaches students with learning disabilities and physical disabilities. Barb teaches computer programming to high school stu
    11·2 answers
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!