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1. Erroneously treating a capital expenditure as a revenue expenditure will have what effect on the financial statements? A. Assets will be overstated and Stockholders

1. Erroneously treating a capital expenditure as a revenue expenditure will have what effect on the financial statements?

A. Assets will be overstated and Stockholders Equity will be overstated.

B. Assets will be understated and Retained Earnings will be understated.

C. Stockholders Equity will be understated and Net Income will be overstated.

D. Stockholders Equity will be overstated and Retained Earnings will be understated.

E. There will be no effect to the financial statements.

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