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At the end of the year, the usual adjusting entry for accrued interest earned on investments was omitted. Which of the following statements is true?

At the end of the year, the usual adjusting entry for accrued interest earned on investments was omitted. Which of the following statements is true? O Interest Expense for the year is overstated O Liabilities at the end of the year are understated O Assets at the end of the year are understated. O Stockholders Equity at the end of the year is overstated 3.33 pts

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