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If a company mistakenly forgot to record depreciation office equipment at the end of an accounting period, the finanical statements prepared at that time would
If a company mistakenly forgot to record depreciation office equipment at the end of an accounting period, the finanical statements prepared at that time would show.
• Assets overstated and equity understated.
• Assets and equity both understated.
• Assets overstated, net income understated, and equity overstated.
• Assets, net income, and equity understated
• Assets, net income, and equity overstated.
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