Expensing interest costs incurred during construction of a building that should be capitalized:

(i) Understates current assets

(ii) Overstates stockholders equity

(iii) Overstates non-current assets

(iv) Overstates total assets

Multiple Choice

• (ii) and (iii)

• (i) and (iii)

• None of the above

• (i) and (iv)