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Tatiana [17]
3 years ago
9

Gilbert Company made an ordinary repair to a delivery truck during 2016 at a cost of $500 and capitalized the repair cost. What

is the effect on the 2016 financial statements as a result of the incorrect capitalization?
Business
1 answer:
Leto [7]3 years ago
7 0

Answer:

The answer is:

Asset will be overstated

Net income will be overstated

Explanation:

Because of the incorrect capitalization(the process of converting or adding to a firm's asset):

1. Assets are overstated. Assets that shouldn't are added to the entire assets are added. So it's increasing the company's asset whereas it's not.

2. Net income are overstated. Because depreciation too will have to be charged for the asset that wasn't there, therefore, net asset will be overstated.

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Study groups: do they work or not?
Oduvanchick [21]

Answer:

When working on a group project, studying and working within a group will be a necessity, so you need to make it work for you! Studying in groups has its advantages and disadvantages, but the trick is to know when to resort to solo studying and when to go for group studying. Studying with a partner is a valuable way to learn as students help one another at overcoming weak points.

Advantages of Studying in Groups

1. Brainstorming

Studying in groups allows students to share their different thoughts with one another. This notion usually leads to a better learning process, since brainstorming generates new ideas and thus, students learn the same thing but with different perspectives. Open discussion enhances thinking skills and will give you access to others information and as a result, broadens your mind.

2. Clarification Discussions

Students are different and they perceive the same information differently. You can always ask your study mate to clarify a vague point for you and vice versa. Also, this action increases retention and reinforces the ideas, because the more the information is repeated the stronger the memory will be.

3. Motivation Booster

Group studying is the best procrastination solution as it breaks the monotonous learning process and it makes you attentive to what the others are saying. Mock tests and trial quizzes assist those struggling with course materials and those extracting tests and quizzes from them as well.

Disadvantages of Studying in Groups

1. Distraction

The benefits of group studies are a lot but there are also some cons to group studying. You may find it tiresome to stay focused when studying in a group. Sometimes the conversation shifts from studying to trendy events maximizing distraction. Studying alone might be helpful if you need undivided attention to the materials at hand.

2. Lack of Efficiency

Group studying hampers creativity and efficiency and when there are exams on the horizon, efficiency should be the priority. Studying alone will give you time and space to do your personalized studying. Also, when alone, you can focus freely on a certain part because you know you need to and skip other parts that you have already mastered. This allows you to manage your time wisely and prioritise your tasks.

3. Impersonalized Learning

Our brains conceive information differently, and in order to digest information correctly, you have to do it your own way, not another’s. When studying in a group, you might be studying at someone else’s pace, whether it is too fast or too slow, it will not help you with learning. Also, you might lose track of your own questions and the difficulties you might be facing with the subject at hand because students mostly do not want to diverge from the group. Creating personalized study plans for suture references will also save much time if the student loves to follow a plan and a schedule while studying.

Preferring one way over another does not necessarily mean that it is better; however, it simply means that people choose what suits their characters best. For example, a social person might find it difficult to study alone and find it more appealing to talk to people to learn and on the other hand, another social person will choose to study alone because he gets distracted easily with people and he can focus better when alone. In a nutshell, there is no way advantageous than the other; everyone has his own studying methods and each has its advantages and disadvantages.

6 0
2 years ago
Budget deficit singapore for 5 year
frutty [35]

Answer:

i dont know sorry for dis but i dont know wat else to do

6 0
2 years ago
Recently, U.S. dairies, struggling to increase milk sales, tried to change the way adults thought about chocolate milk. The dair
Blizzard [7]

Answer:

The correct answer is C

Explanation:

Repositioning is states as altering or changing the position of the product in the customer minds as relative to the offerings of the product. It is very difficult as well as subtle procedure as the brand or the product needs or require to change the market understanding of the product.

In this case, the dairies would like to reposition the chocolate milk in the minds of the adult customers as they are trying to change the way adults think of chocolate milk.

7 0
3 years ago
how can networking with friends, colleagues, and members of organizations assist you in your quest to become who you want to be?
polet [3.4K]
Networking with your friends, members of organizations and co-workers can assist a person to get the job they want or move up in their current job. Networking can help a person get into the right circles and meet new people. This will help you meet the right connections to better yourself with a new job or even move up the ladder in your current job. You can also have business cards made and give them to co-workers, friends, and family to pass around for you. You can also use people in your already completed circle of friends to use as a mentor. This will help you become the person you want to be in life. 
8 0
3 years ago
1. The two basic ways to finance a business are equity financing and
Deffense [45]

Answer:

B and C

Explanation:

6 0
3 years ago
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