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A company's accountant capitalized a payment that should have been recorded as a revenue expenditure. How will this error affect the company's financial statements?

A company's accountant capitalized a payment that should have been recorded as a revenue expenditure. How will this error affect the company's financial statements? A. Liabilities will be overstated. B. Assets will be overstated. C. Net income will be understated. D. Expenses will be overstated. 5 Time Remaining: 00:59:55 Next

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