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An employee has accidently recorded advertising expense of $5,000 as a factory overhead expense. Which of the following is an effect of this error? a).
An employee has accidently recorded advertising expense of $5,000 as a factory overhead expense. Which of the following is an effect of this error? a). Unit cost will be overstated b) Operating expenses will be overstated c) Cost of goods manufactured will be understated d) Net income will be understated
a). Unit cost will be overstated
b) Operating expenses will be overstated
c) Cost of goods manufactured will be understated
d) Net income will be understated
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