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Assume that it was discovered that the depreciation expense was booked incorrectly during the year. Which of the following financial statements would be erroneous if

Assume that it was discovered that the depreciation expense was booked incorrectly during the year. Which of the following financial statements would be erroneous if the error was not fixed? Select all that apply.

Multiple answers: Multiple answers are accepted for this question

Select one or more answers and submit.

a

Income statement

b

Statement of retained earnings

c

Balance sheet

d

None of the above

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