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for Assume that a firm reports net income of $90,000 prior to making adjusting entries for the following items: expired rent, $7,000; depreciation expense, $8,200;
for Assume that a firm reports net income of $90,000 prior to making adjusting entries for the following items: expired rent, $7,000; depreciation expense, $8,200; and supplies used, $3,600. Assume that the required adjusting entries have not been made. What effect do these errors have on the reported net income? that the required aus nd spg by Net income will be
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