Question
A credit to a liability account was posted to an owners equity account. This would cause a assets to be overstated b. Liabilities to be
A credit to a liability account was posted to an owners equity account. This would cause
a assets to be overstated
b. Liabilities to be understated
c. Owners equity to be understated
d. Net income to be overstated
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Managerial Accounting
Authors: Karen Braun, Linda S Bamber
2nd Edition
136091164, 978-0136091165
