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A new accountant mistakenly classified some capital expenditures as revenue expenditures. What is the outcome of this error
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34 votes
34 votes
A new accountant mistakenly classified some capital expenditures as revenue expenditures. What is the outcome of this error

User Smruti Ranjan Rana
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1 Answer

24 votes
24 votes

Answer:

the company will understate assets and understate net income

Step-by-step explanation:

User Siegfried Grimbeek
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