Which of the following statements about capitalized costs and expenses is correct?
A)Capitalized costs decrease stockholders' equity.
B)Expenses increase stockholders' equity.
C)Capitalized costs increase long-lived assets.
D)Expenses increase assets.

Question

Quizplus · Accepted Answer

Accountants say costs have been capitalized when they are recorded as assets (rather than as expenses).

Which of the Following Statements About Capitalized Costs and Expenses