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1. Rent (totalling $5,000 ) for 2019 is paid in advance during 2018 , but is mistakenly debited to Rent Expense in 2018. Salaries for

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1. Rent (totalling $5,000 ) for 2019 is paid in advance during 2018 , but is mistakenly debited to Rent Expense in 2018. Salaries for employees (totalling $5,000 ) for 2018 are recorded, but paid only in 2019. $4,000 received from customers is wrongly credited to revenue in 2018 , but the services will be provided only in 2019 . Which one is true? a. Net cash inflow for 2018 will be overstated b. There will be no error in 2018 net income c. Net income for 2018 will be understated d. The answer cannot be determined from the information given

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