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    Financial statement impact capitalizing interest: J&J 2007

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    On page 490-492 read the "Real Report 10-1 Disclosures of Depreciable Assets" and choose one question from page 491-492 to answer.

    If Johnson & Johnson had not capitalized interest in 2007, how would its financial statements be different?

    See the attached file.

    © BrainMass Inc. brainmass.com June 4, 2020, 1:37 am ad1c9bdddf
    https://brainmass.com/business/financial-statements/financial-statement-impact-capitalizing-interest-410650

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    1. If Johnson & Johnson had not capitalized interest in 2007, how would its financial statements be different?

    If J&J had not capitalized interest, ...

    Solution Summary

    Your tutorial explains in a few clear sentences how the interest that is capitalized impacts assets, equity, expenses and profits.

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