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At the end of 2011, ABC Company did not make the adjusting entries indicated below. Indicate the effect of the error on 2011 Net Income,

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At the end of 2011, ABC Company did not make the adjusting entries indicated below. Indicate the effect of the error on 2011 Net Income, Assets, Liabilities, and Owner's Equity (on December 31, 2011). Use O for overstate, U for understate, NE for no effect. Assume each error is independent of the others

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