with the help of the statement of income  attached please answer the below: 1: What was the trend in capital expenditures for the firm?

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
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Chapter1: Financial Statements And Business Decisions
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with the help of the statement of income  attached please answer the below:

1: What was the trend in capital expenditures for the firm? 

Expert Solution
capital expenditure

Capital Expenditure:

These are the funds used by company to acquire, maintain and upgrade the  physical assets such as plant , machinery,building, technology, equipment etc. Capital expenditure can also be used to purchase of investments

Capital expenditure gives an idea about how the company is investing in acquiring new assets or upgrading the existing assets to grow, maintain and expand the business.

Capital expenditure is shown in balance sheet not in income statement

 

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