Ask yourself what will happen to profit in the accounting equation if the amount of an asset
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Ask yourself what will happen to profit in the accounting equation if the amount of an asset is increased while the liabilities and the capital contributed remain the same. Then ask yourself what will happen to profit in the accounting equation if the amount of a liability is decreased while the assets and the capital contributed remain the same. Next ask yourself what will happen to profit if revenue is overstated. Finally ask yourself what will happen to profit if expenses are understated.
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