FlyFast Airways repaired one of its Boeing 767 aircraft at a cost of $600,000, which...
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Accounting
FlyFast Airways repaired one of its Boeing aircraft at a cost of $ which FlyFast paid in cash. FlyFast erroneously capitalized this cost as part of the cost
of the plane. How will this accounting error affect FlyFast's net income? Ignore amortization.
Net income would
by $
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