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Assume that a firm reports net income of $74,000 prior to making adjusting entries for the following items: expired rent, $5,400; depreciation expense, $6,600; and
Assume that a firm reports net income of $74,000 prior to making adjusting entries for the following items: expired rent, $5,400; depreciation expense, $6,600; and supplies used $2,000 Assume that the required adjusting entries have not been made. What effect do these errors have on the reported income
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