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
Troyanec [42]
3 years ago
7

If an expenditure related to a depreciable asset is incorrectly treated as a capital expenditure, instead of as repairs and main

tenance expense, which of the following statements is true?A. The current year's net income will be lower and future depreciation expense will be higher.
B. The current year's net income will be higher and future depreciation expense will be lower.
C. The current year's net income will be higher and future depreciation expense will be higher.
D. The current year's net income will be lower and future depreciation expense will be lower.
Business
1 answer:
ratelena [41]3 years ago
5 0

Answer:

The answer is letter C.

Explanation:

The current year's net income will be higher and future depreciation expense will be higher.

You might be interested in
When are winner-take-all markets good for consumers?
kotykmax [81]
When the value of technology utility and network externality benefits exceeds monopoly Costs.



4 0
3 years ago
Bonita Industries had the following bank reconciliation at March 31, 2020: Balance per bank statement, 3/31/20 $74600 Add: Depos
drek231 [11]

Answer:

$50,400

Explanation:

Cash Balance as per bank statement                        $62,900

[$69700+$25300-$20400+$87600-$99300]

Less: Outstanding checks at April 30, 2020              <u>$12,500</u>

Adjusted Cash balance per bank                               <u>$50,400</u>

So, the cash balance per books at April 30, 2020 is $50,400

5 0
3 years ago
If shuebke's review was conducted in good faith and conformed to generally accepted accounting principles, can superior hold shu
Ira Lisetskai [31]
This involves bookkeeper obligation, carelessness – or neglecting to distinguish material oversights, and the treatment of bookkeepers acting in compliance with common decency and following the sound accounting standards. The essential inquiry is regardless of whether Shuebke can be held subject expecting she had acted in compliance with common decency and adjusted to the sound accounting standards. To start, sound accounting standards can be characterized as the traditions, guidelines, and methodology used to depict what the worthy bookkeeping standards are at a particular time. They likewise diagram the level of aptitude expected of bookkeepers and the level of care that they should practice in playing out their administrations.
6 0
3 years ago
Kelly has a meeting with mark. when she arrives, mark is on the phone. mark tells the caller that his meeting appointment has ar
777dan777 [17]
Mark's action on the given scenario above is that he is showing courtesy. Courtesy is a way of showing politeness towards other people. This is shown where Mark ended the call because Kelly already arrives. He prioritizes Kelly first because he does not want to make her wait and she's already there to see him. 
4 0
3 years ago
A survey by the World Bank indicates that of the companies surveyed; unfortunately, only 30 percent have board-approved policies
creativ13 [48]

Answer:

False

Explanation:

It is not necessary to have board-approved policies on environmental management as the only way to indicate that corporate social responsibility practices have become an insignificant factor in determining where multinational corporations conduct business.

7 0
3 years ago
Other questions:
  • Who owns the alcoholic beverages of a private club answer?
    8·2 answers
  • Can you point out some differenced between welfare definition and scarcity and choice
    8·1 answer
  • What part of a check is the least important
    5·2 answers
  • The Classical Theory is based on the assumption that an economy has ______________ or, if nudged away, quickly returns to that c
    8·1 answer
  • Do you agree with Unilever’s decision to link its brands with efforts to encourage healthy and environmentally sustainable behav
    9·1 answer
  • Qualitative characteristic being employed when companies in the same industry are using the same accounting principles. select a
    12·1 answer
  • A bond has a modified duration of 8 and a price of 112,955 calculated using an annual effective interest rate of 6.4%. EMAC is t
    8·1 answer
  • Employees at Pak-N-Sav, a discount grocery chain, know that they have to stay on their toes at all times. Mr. and Mrs. Kessler,
    8·1 answer
  • What famous singer wrote jingles for state farm and band-aid?
    13·2 answers
  • true or false: mitigation funds are often allocated for public infrastructure and facilities improvements because they support t
    15·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!