what are the effects on current income and on, Financial Accounting

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what are the effects on current income and on

What are the effects on current income and on future income, if a firm incorrectly capitalizes an expenditure that it should have expensed? State your answer for both current income and future income as "overstated" or "understated".

Overstated or

Understated?

Current Income

Future Income

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Financial Accounting: what are the effects on current income and on

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Financial Accounting: what are the effects on current income and on

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