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Author Question: Classy Cooks did a major overhaul of their ovens, which extended the useful life of the ovens by 4 ... (Read 64 times)

sc00by25

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on: Feb 18, 2020
Classy Cooks did a major overhaul of their ovens, which extended the useful life of the ovens by 4 years. The journal entry to record this included a debit to repairs expense. This entry is:
◦ incorrect, and as a result net income will be understated.
◦ incorrect, and as a result assets will be overstated.
◦ correct, as this is an example of a betterment.
◦ correct, as this is an example of an ordinary repair.
Financial Accounting ¦ Kemp, Waybright ¦ 5th Edition
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Marked as best answer by sc00by25 on Feb 18, 2020

carlsona147

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Reply #1 on: Feb 18, 2020
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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sc00by25

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Reply 2 on: Feb 18, 2020
Excellent

yeungji

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Reply 3 on: Yesterday
Great answer, keep it coming :)

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