Chapter 10 Adv Accounting
Authored by Christina Mitchell
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KG - University
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51 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following describes Capital Expenditure?
Cost to buy non-current assets
Cost to operate non-current assets
Cost to repair and maintain
Recorded in Income Statement
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following describes Revenue Expenditure?
Cost to buy non-current assets
Cost to operate non-current assets
Benefits that last for more than one year
Recorded in Balance Sheet
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following is a Capital Expenditure?
Purchase of Machinery
Repairs to Machinery
Repainting of Office walls
Stationery
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following is a Revenue Expenditure?
Purchase of Furniture
Repairs to Machinery
Extension of Office
Installation of Equipment
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Purchase price of 3 acres of land
Land
Land Improvements
Building
Furniture
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Delinquent real estate taxes on the land to be paid by your company
Land
Land Improvements
Building
Furniture
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Additional dirt and earthmoving
Land
Land Improvements
Building
Furniture
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