Question: 5. How will a managers decision to record a payment as an asset rather than as an expense affect net income for the business in

5. How will a manager’s decision to record a payment as an asset rather than as an expense affect net income for the business in the current period?

a. Net income will be higher.

b. Net income will be lower.

c. Net income will not be affected by this decision.

d. The effect cannot be determined.

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