Failure to accrue wages in a prior period is a counterbalancing error that would cause O net income to be understated in the prior period. O net income to be overstated in the prior period. O net income to be overstated in the current period. O no impact on net income.

Failure to accrue wages in a prior period is a counterbalancing error that would cause net income to be understated in the prior period. net income to be overstated in the prior period. net income to be overstated in the current period. no impact on net income