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10. In 2021, ABC made the mistake of not recording the amortization of the Bond Issuance Costs account. Indicate the effect on Total Debts reported
10. In 2021, ABC made the mistake of not recording the amortization of the Bond Issuance Costs account. Indicate the effect on Total Debts reported in the Statement of Financial Position as of December 31, 2019. to. It has no effect on the ledger accounts. b. Although it affects the ledger accounts, the net effect is zero. C. Overstated d. Understated
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