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If an adjustment for accrued rent is omitted from the financial reports the effect is:a.assets are understated; profit is overstatedb.liabilities are overstated; profit is understatedc.assets

If an adjustment for accrued rent is omitted from the financial reports the effect is:a.assets are understated; profit is overstatedb.liabilities are overstated; profit is understatedc.assets are overstated; profit is understated.d.liabilities are understated; profit is overstated

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