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Assume that a firm reports net income of $270,000 prior to making adjusting entries for the following items: expired rent, $21,000; depreciation expense, $24,600; and
Assume that a firm reports net income of $270,000 prior to making adjusting entries for the following items: expired rent, $21,000; depreciation expense, $24,600; and supplies used, $10,800. Assume that the required adjusting entries have not been made. What effect do these errors have on the reported net income
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