Question
Failure to perpare an adjusting entry at the end of the period to record an accrued expense would cause a. an overstatement of expenses and
Failure to perpare an adjusting entry at the end of the period to record an accrued expense would cause
a. an overstatement of expenses and an overstatement of liabilities
b. net income to be understated
c. an overstatment of assets and an overstatement of liabilities
d. an understatement of expenses and an understatement of liabilities
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Financial Accounting Tools for business decision making
Authors: Paul D. Kimmel, Jerry J. Weygandt, Donald E. Kieso
6th Edition
978-1119191674, 047053477X, 111919167X, 978-0470534779
