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If NO allowance was made for the doubtful debts of the business, what would be the effect on the financial statements for MicroSystems? (Note: overstated
If NO allowance was made for the doubtful debts of the business, what would be the effect on the financial statements for MicroSystems?" (Note: overstated statements show MORE than there should be, understated = statements show LESS than there should be) Select one: a. overstated profit and overstated assets b. understated profit and understated assets c. understated profit and overstated assets Od. overstated profit and understated assets
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