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A company overstated its liability for warranties by $150,000. Its tax rate is 20%. As a result of this error, income tax expense is: Multiple

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A company overstated its liability for warranties by $150,000. Its tax rate is 20%. As a result of this error, income tax expense is: Multiple Choice Unaffected. Overstated by $30,000. o Understated by $30,000, O Understated by $120,000

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