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Acompany's accountant capitalizes a payment that should be recorded as an expense. Which of the following is true? A. Assets are overstated. B. Revenue is
Acompany's accountant capitalizes a payment that should be recorded as an expense. Which of the following is true?
A.
Assets are overstated.
B.
Revenue is overstated.
C.
Expenses are overstated.
D.
Liabilities are overstated.
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