Failure to accrue interest expense results in a. an understatement of net income and an understatement of
Question:
Failure to accrue interest expense results in
a. an understatement of net income and an understatement of liabilities.
b. an understatement of net income and an overstatement of liabilities.
c. an overstatement of net income and an overstatement of liabilities.
d. an overstatement of net income and an understatement of liabilities.
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Related Book For 
Financial Accounting International Financial Reporting Standards
ISBN: 9780273777809
1st Global Edition
Authors: Walter T Harrison, Charles Horngren, Bill Thomas, Themin Suwardy
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