Purchases Returns and Allowances is a contra-purchases account. ...

[jazziefee]

Purchases Returns and Allowances is a contra-purchases account.
 a. True
   b. False
   Indicate whether the statement is true or false

Question 2

Which of the statements below regarding capital expenditures is TRUE?
 
  A) Capital expenditures include those that make an asset last longer.
  B) Capital expenditures maintain the operating condition of an asset.
  C) Capital expenditures include ordinary repairs.
  D) Capital expenditures decrease the carrying value of an asset.

[xMRAZ]

Answer to Question 1

True

Answer to Question 2

A

[jazziefee]

Thanks for the timely response, appreciate it

[FergA]

TYSM