A company's accountant expenses a payment that should be capitalized.Which of the following is TRUE?

Name: A company's accountant expenses a payment that should be capitalized.Which of the following is TRUE?
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When a payment that should be capitalized is expensed, it leads to an immediate reduction in net income because expenses are higher than they should be. Capitalizing the payment would have spread the expense over several periods, affecting net income less in the current period.

A Company's Accountant Expenses a Payment That Should Be Capitalized