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Author Question: Scout's Shuttle Service replaced the tires on all of their vehicles with new all-season tires. The ... (Read 203 times)

WWatsford

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on: Feb 18, 2020
Scout's Shuttle Service replaced the tires on all of their vehicles with new all-season tires. 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.
◦ correct, as this is an example of an ordinary repair.
◦ correct, as this is an example of a betterment.
◦ incorrect, and as a result assets will be overstated.
Financial Accounting ¦ Kemp, Waybright ¦ 5th Edition
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Marked as best answer by WWatsford on Feb 18, 2020

tkempin

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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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WWatsford

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Reply 2 on: Feb 18, 2020
Thanks for the timely response, appreciate it

vickyvicksss

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

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