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Accountingmos: come ITT
| out-of-control rusted jew locus | 07/10/20 |
| Gaped Theater Stage | 07/10/20 |
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Date: July 10th, 2020 3:11 PM Author: out-of-control rusted jew locus 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) |
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Date: July 10th, 2020 3:26 PM Author: Gaped Theater Stage 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) |