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11. Interest expense of $375 was treated as interest revenue when preparing a trader's income statement. What was the effect of this on the profit

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11. Interest expense of $375 was treated as interest revenue when preparing a trader's income statement. What was the effect of this on the profit for the year? A) overstated by $750 B) overstated by $375. C) understated by $375, D) understated by $750

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