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3.33 pts Question 38 Failure to make an adjusting entry to recognize Bad Debt Expense, at year end, would result in the following financial

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3.33 pts Question 38 Failure to make an adjusting entry to recognize Bad Debt Expense, at year end, would result in the following financial statement impact: O Assets would be overstated. O Liabilities would be understated O Net income would be understated O Assets would be understated Question 39 All of the following are examples of plant assets except: CO Equipment O Building O Vehicles O Inventory Question 40 3.33 pts

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