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1. Failure to adjust a Fixed Asset Account will result in an? a. Understatement of the Total Assets b. Overstatement of Total Liabilities. c. Overstatement

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1. Failure to adjust a Fixed Asset Account will result in an? a. Understatement of the Total Assets b. Overstatement of Total Liabilities. c. Overstatement of Capital Stock Account. d. Overstatement of Total equity Account. e. None of the above answers is correct

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