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A company forgot to record accrued and unpaid wages of $500,000 at the end of period. What world be the impact of this oversight? a.

A company forgot to record accrued and unpaid wages of $500,000 at the end of period. What world be the impact of this oversight? a. Understate net income by $500,000. b. Overstate net income by $500,000. c. Have no effect on net income. d. Understate assets by $500,000

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