Which of the Following Statements Is Incorrect

question 125

Multiple Choice

Which of the following statements is incorrect?

• A)Replacement of a truck's tires would be a capital expenditure.
• B)Replacement of carpet in an office,damaged by a coffee spill,would be a repairs expense.
• C)Replacement of a roof on a newly purchased building before using it as a store would be a capital expenditure.
• D)The cost of repainting a hallway would be maintenance expense.

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Definitions:

Geographic Market

The physical region or area in which a company operates and competes for customers, defined by its geographical boundaries.

Tattoo Conventions

Events where tattoo artists, enthusiasts, and vendors gather to celebrate, display, and advance tattoo art.

Marketing Plan

A comprehensive document or blueprint that outlines a company's advertising and marketing efforts for the coming period, including strategies, target markets, and budget.

Multiplier Effect

The multiplier effect refers to the proportional amount of increase, or decrease, in final income that results from an injection, or withdrawal, of spending into the economy.