Is it true that capitalizing something only affects the bala...	unholy racy partner	07/10/20
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Date: July 10th, 2020 3:11 PM Author: unholy racy partner Is it true that capitalizing something only affects the balance sheet and cash flow statement, but not the income statement? a course I'm doing is saying this but I find it hard to believe. (http://www.autoadmit.com/thread.php?thread_id=4580982&forum_id=2#40581402)

Date: July 10th, 2020 3:26 PM Author: Light Casino Wat? It's semantics but on the balance sheet it goes from cash to fixed assets, on the income statement, it does nothing because it has nothing to do with income, and on the cash flow statement, it is a cash outflow for the full amount. (http://www.autoadmit.com/thread.php?thread_id=4580982&forum_id=2#40581504)