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6. Suppose that Lucas Company's adjusted trial balance ignored the following information. $37,000 in depreciation on some equipment was still unrecorded. What effects, if any,

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6. Suppose that Lucas Company's adjusted trial balance ignored the following information. $37,000 in depreciation on some equipment was still unrecorded. What effects, if any, the omission would have on the stated components of Lucas Company's 2018 Income Statement and 12/31/2018 Balance Sheet. Assume no income taxes. A)Assets overstated $37,000; Liabilities no effect; Owners Equity overstated$37,000; Net income overstated $37,000 B) Assets understated $37,000; Liabilities no effect; Owners' Equity overstated $37,000; Net income understated $37,000 C)Assets no effect; Liabilities overstated $37,000; Owners' Equity overstated $37,000; Net income understated $37,000 D)Assets no effect; Liabilities overstated $37,000; Owners' Equity no effect; Net income understated $37,000 Page 3

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