Capital expenditure is reported on the: a. statement of retained earnings under contributed capital. b. cash...
Capital expenditure is reported on the:
a. statement of retained earnings under contributed capital.
b. cash flow statement under cash flow from financing activities.
c. income statement under operating expenses.
d. balance sheet under fixed assets.
Homework Answers
Answer : Option (D) Balance sheet under fixed assets.
Capital expenditure means the investment in business in the form of fixed assets, such as machinery, truck etc. This capital expenditue is treated as fixedassets and posted in assets side of the balance sheet.
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