Benjamin Limited Paid Legal Fees Amounting to $20,000 and Added

Multiple Choice

Benjamin Limited paid legal fees amounting to $20,000 and added the cost to a non-current asset account. The error was detected in the same accounting period and corrected by:

A) increasing non-current assets and decreasing current assets.
B) increasing expenses and decreasing non-current assets.
C) decreasing expenses and decreasing equity.
D) decreasing revenue and increasing expenses.