
FINANCIAL ACCOUNTING
10th Edition
ISBN: 9781259964947
Author: Libby
Publisher: MCG
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Transcribed Image Text:Question 12
Costs that are capitalized:
O Show up as an expense on the income statement without ever being recorded on the balance sheet
O None of the possible choices
O Will initially be recorded as an asset on the balance sheet
O Never exist as part of accrual accounting
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