【简答题】Distinguishment Between Capital Expenditure and Revenue Expenditure A distinct line should be drawn between revenue expenditures where the benefits to the enterprise are only related to the current fi...
【单选题】Throughout the current year, Calverton Company treated sales taxes paid on purchases of plant assets as revenue expenditures. As a result, the current year’s:
A.
Net income is overstated.
B.
Revenue is overstated.
C.
Depreciation expense is understated.
D.
None of the above; payments of sales taxes should be treated as revenue expenditures.