A(n) ____________________ Is a Cost That Improves an Operating Asset

question 160

Short Answer

A(n) ____________________ is a cost that improves an operating asset and is therefore added to the asset account.

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Definitions:

Adopted

Refers to the acceptance or taking on of something, such as a law, resolution, amendment, or child, as one's own.

Preincorporation Subscription

Agreements made by investors to purchase stock in a corporation prior to its formation.

Capital Stock

The total amount of shares a company is authorized to issue, representing the equity stake of its owners.

Revised Act

An updated or amended version of a legislative act or statute that incorporates changes or new provisions to address issues or developments since its original enactment.