If the Cost of Ordinary Repairs Is Capitalized as an Addition

Multiple Choice

If the cost of ordinary repairs is capitalized as an addition to the building account during the current year,

A) net income for the current year will be understated.
B) stockholders' equity at the end of the current year will be understated.
C) total assets at the end of the current year will not be affected.
D) total liabilities at the end of the current year will not be affected.