For each account listed in below, identify which reporting section (a through d) each would appear on a company's financial statements.You may use each letter more than once or not at all.
-Betterments
A) Balance sheet-property, plant, and equipment
B) Balance sheet-intangible assets
C) Balance sheet-other
D) Income statement

Question

Quizplus · Accepted Answer

Betterments are improvements made to property, plant, and equipment (PPE) to extend their useful life, increase their capacity, or improve their efficiency. Therefore, they are reported on the balance sheet under property, plant, and equipment.

For Each Account Listed in Below, Identify Which Reporting Section