Answer: A. Total Assets are overstated as of May 31, 2020 and May 2020 Net Income is overstated
Explanation:
Capitalizing the costs of the maintenance means that the $14,000 was taken to the Machinery Account which is an asset when in fact it should have been taken to the Maintenance Expense account which is an expense. This will increase the Asset account for May by $14,000 when it should not have meaning that the Asset account is now Overstated.
Net Income is acquired by deducting expenses from Sales/Revenue. The $14,000 which should never have been recorded as an Asset but instead as an expense, will mean that this Expense will not be deducted from the Net Income because it is being recognized as an Asset. This will mean that the Net Income for May will be Overstated by $14,000 which was supposed to be removed from it.
Answer:
The answer is lose-lose
Explanation:
In a lose-lose approach, one's actions hurt oneself as much as they do their opponent.
Plan or devotion in life, it is an influence to what you want to do :)
The answer to this question is risk management coordinator<span>
</span>risk management coordinator refers to the the person whose main duty is to minimize the risk and loses from his/her organization.
In order to achieve this, risk management coordinator needs to create a monitoring procedures that sholld be implemented whenever they're analyzing a certain decision<span />
Answer:
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