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Failure to record an adjusting entry for an accrued expense will result in the following: a. Liabilities Net Income understated overstated b. Liabilities Net Income

Failure to record an adjusting entry for an accrued expense will result in the following:

a.

Liabilities Net Income

understated overstated
b.

Liabilities Net Income

overstated understated
c.

Liabilities Net Income

understated no effect
d.

Liabilities Net Income

no effect understated

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