an expenditure which benefits year one but is paid for in year two should not be capitalized until year two

also need 25 and 27

25. An expenditure that benefits the year in which it is made should be deducted from revenue in the same year. True False 26. An expenditure that benefits year one but is paid for in year two should not be capitalized until year two True False 27. Companies that engage in fraud will often capitalize an asset rather than an expense account True False