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If a company's bookkeeper forgets to record the journal entry to accrue interest expense, then: O A net earnings will be understated and liabilities will
If a company's bookkeeper forgets to record the journal entry to accrue interest expense, then: O A net earnings will be understated and liabilities will be overstated. O B. net earnings will be overstated and liabilities will be understated. O C. both net earnings and liabilities will be overstated. OD. both net earnings and liabilities will be understated. An advantage to financing the acquisition of assets with debt is that O A interest does not have to be paid until the maturity date. O B. dividends are tax deductible. O C. interest is tax deductible. O D. dividends reduc retained earnings whereas interest expense does not reduce retained earnings. N Corporations can raise large amounts of money because O A all investments in corporate shares earn money for investors OB. the unlimited liability feature makes corporate ownership attractive to investors C. shares in public companies can easily be bought and sold by investors in organized exchange markets. OD. corporate earnings are not taxed. Clear my choice
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