Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. which of the following statement is correct about

Which of the following statement is correct about Capitalization of interest? Select one: a. Capitalization...

50.1K

Verified Solution

Question

Accounting

Which of the following statement is correct about Capitalization of interest?
Select one:
a. Capitalization of interest results in interest being added to a fixed asset instead of expensed.
b. Capitalization of interest results in interest being added to expenses instead of a fixed asset.
c. Capitalization of interest results in interest being added to a current asset instead of expensed.
d. None of the above.

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Finance
1.2K views

How can I respond to this discussion? Days sales = 365/ Inventory Turnover Industry: 365/2.69= 135.69, so...

Basic Math
1.2K views

Consider the hypotheses below. Upper H 0?: mu greater than or equals 65 Upper H 1?:...

Statistics
1.2K views

To study how social media may influence the products consumers​ buy, researchers collected the opening weekend...

Chemistry
1.2K views

Use Charles's law to complete the table. (Assume pressure and number of moles of gas to...

Biology
1.2K views

Which area of the brain is crucial in regulating homeostasis hypothalamus cerebellum thalamus

Basic Math
1.2K views

About 30% of human twins are identical, and the rest are fraternal. Identical twins are...

Accounting
1.2K views

At a level of 21,500 units sold, Gail Corp has sales of $602,000, a contribution...

Accounting
1.2K views

I have a problem; The problem has given me the fixed cost of 9,8 million...

Accounting
1.2K views

Shareholders' Equity: Common Stock, $2 par value, 1,000,000 authorized, 50,000 shares issued...

Accounting
1.2K views

Can you show me step by step? 1. You are the...

Accounting
1.2K views

From the following data, journalize the adjusting entries in proper form for the month. Omit...

Finance
1.2K views

IncorrectQuestion 2 Use the following information: Probability...