If an accountant fails to make an adjusting entry to record expired insur ance at the end
Question:
If an accountant fails to make an adjusting entry to record expired insur¬
ance at the end of a fiscal period, the omission will cause
a. total expenses to be understated.
b. total revenue to be understated.
c. total assets to be understated.
d. all of the above.
e. none of the above.
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Related Book For 
College Accounting Chapters 1-26
ISBN: 9780395796993
6th Edition
Authors: Douglas J. McQuaig, Patricia A. Bille
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