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If a company mistakenly forgot to record depreciation of office equipment at the end of an accounting period, the financial statements prepared at that time
If a company mistakenly forgot to record depreciation of office equipment at the end of an accounting period, the financial statements prepared at that time would show: O asses and equity both understated O assets, net income, and equity understated O assets overstated, net income understated, and equity overstated O assets overstated and equity understated O assets, net income, and equity overstated
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