Answer:
Option D. Has the effect of increasing net income by the same amount of the capitalized costs.
Explanation:
The reason is that the capitalized costs are the invesments in any assets whose useful life is more than one year and must be depreciated over useful life of the assets. If a expense nature cost is capitalized which must not be capitalized according to IAS 16 Porperty, Plant & Equipment then the expenses are understated which means that the profits are overstated. This means that presenting expenses as assets will increase the profits as costs will be fewer in amount presented in the financial statements.
Answer:
Explanation:
unearned rent 6000 (debit)
Rent revenue. 6000 (credit)
to record 2 months of realized rent revenue
Answer: False these are the things that draw in customers if they have good rates they would be happy to tell you.
Answer:
The correct answer is letter "A": magnified, reduced.
Explanation:
Scarcity does not only represent individuals having to sacrifice some of their needs to fulfill others because resources are limited. Scarcity can also represent the reason for dispute between social levels. When resources are scarce and one social stratum has more access to it, differences will increase. The opposite happens when the resources are allocated properly between them: differences are likely to be reduced.
Answer:
The answer is $45,000
Explanation:
$45,000
- Net Short Term Capital gain +Net Long Term Capital loss= 65,000+ (250,000)= -185,000
-Net Long Term Capital loss(2015)+Net Short Term Capital gain (2016)+Net Long Term Capital Gain(2017)
= 60,000+45,000+35,000=140,000
-185,000+140,000= <u>(45,000)</u>
