Which of the following would not be considered a capital expenditure?
A) The addition of a building wing
B) A tune-up of a company vehicle
C) A complete overhaul of an air-conditioning system
D) The cost of installing a piece of equipment
B
You might also like to view...
Isaac applied for a loan from Livingstone Bank and was denied the loan two weeks later. He discovered that the reason behind the denial was that the bank considered him a huge credit risk because a credit report stated that he was an alcoholic. Isaac claimed that this information was not true. Which of the following acts will allow Isaac to approach Livingstone Bank for reconsideration of his loan application?
A. Equal Credit Opportunity Act B. Fair Credit Billing Act C. Fair Debt Collection Practices Act D. Fair Credit Reporting Act
When it comes to face-to-face communication, which of the following conveys the highest percentage of a person’s understanding of others?
A. words B. facial expressions C. verbal tone D. noise
Robert has power and a strong sense of urgency but he has been known to use this power to coerce and manipulate. Social issues can be emotive and he can be a hindrance for resolution. Robert is an example of a:
a. dependent stakeholder b. dangerous stakeholder c. definitive stakeholder d. dominant stakeholder
The matching concept leads accountants to select the recognition alternative that produces the lowest amount of net income.
Answer the following statement true (T) or false (F)