Discuss the concepts in terms of the income statement

Reference no: EM132138539

Question: 1. What is the difference between "Revenue Expenditures" and "Capital Expenditures"?

2. Why is it important to distinguish between these two concepts in terms of the Income Statement?

3. List an example of an item which would be labeled as a "Capital Expenditure" when providing repairs to either a software program or an office building?

Reference no: EM132138539

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