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Question: How do pre-opening costs affect new branch accounting? a) Capitalize until opening b) Add to goodwill c) Defer and amortize d) Expense as incurred office

Question: How do pre-opening costs affect new branch accounting? a) Capitalize until opening b) Add to goodwill c) Defer and amortize d) Expense as incurred office

Principles of Accounting Volume 1
Principles of Accounting Volume 1
19th Edition
ISBN:9781947172685
Author:OpenStax
Publisher:OpenStax
Chapter11: Long-term Assets
Section: Chapter Questions
Problem 7Q: Describe the relationship between expense recognition and long-term assets.
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Question: How do pre-opening costs affect new branch accounting? a) Capitalize until opening b) Add to goodwill c) Defer and amortize d) Expense as incurred office
Transcribed Image Text:Question: How do pre-opening costs affect new branch accounting? a) Capitalize until opening b) Add to goodwill c) Defer and amortize d) Expense as incurred office
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