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Match Each Transaction to the Account That Identifys It, You

Question 111

Matching

Match each transaction to the account that identifys it, You may use each choice more than once or not at all.

Premises:

Responses:

Freight charges related to the acquisition costs of a production machine

Land

Interest costs incurred during the construction period of a building built by a company for its own use

Buildings

Costs paid to clear land

Equipment

Annual painting costs of an office building

Not capitalized

Sales taxes paid related to a machine purchased

Premises:

Freight charges related to the acquisition costs of a production machine

Interest costs incurred during the construction period of a building built by a company for its own use

Costs paid to clear land

Annual painting costs of an office building

Sales taxes paid related to a machine purchased

Responses:

Land

Buildings

Equipment

Not capitalized

Correct Answer:

Premises:

Responses:

Freight charges related to the acquisition costs of a production machine

Interest costs incurred during the construction period of a building built by a company for its own use

Costs paid to clear land

Annual painting costs of an office building

Sales taxes paid related to a machine purchased

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