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HEY GIVE ME ITS CORRECT ANSWER iLL GIVE YOU LIKE AND GIVE ME EXPLANNATION FOR EVERY OPTION WHY IT IS WRONG OR CORRECT AND DO

HEY GIVE ME ITS CORRECT ANSWER

iLL GIVE YOU LIKE AND GIVE ME EXPLANNATION FOR EVERY OPTION WHY IT IS WRONG OR CORRECT

AND DO NOT COPY FROM CHEGG ANSWERS THEY ARE WRONG

The new bookkeeper forgot to record the collection of an accounts receivable from a customer. What impact does this have on the companys books?

		No effect on total assets
		Cash is understated/the Income Statement is understated
		Cash is overstated/the Income Statement is overstated
		Cash is overstated/liabilities are understated
		Cash is overstated/liabilities are overstated

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