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If a company capitalizes costs that should have been expensed, how is its income statement for the current period impacted? A. Net income will be

If a company capitalizes costs that should have been expensed, how is its income statement for the current period impacted? A. Net income will be lower than it should be.

B. Revenues will be lower than they should be.

C. Expenses will be lower than they should be.

D.

Assets will be lower than they should be.

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Previous Question Next Question

If a company capitalizes costs that should have been expensed, how is its income statement for the current period impacted? A. Net income will be lower than it should be.
B. Revenues will be lower than they should be.
C. Expenses will be lower than they should be.
D.	Assets will be lower than they should be.