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If the beginning balance of Accumulated DepreciationEquipment is $16,000 and an adjusting journal entry for depreciation on the equipment for $4,400 is omitted at the
If the beginning balance of Accumulated DepreciationEquipment is $16,000 and an adjusting journal entry for depreciation on the equipment for $4,400 is omitted at the end of the period, Accumulated Depreciation on the income statement will
a. be overstated by $16,000.
b. be overstated by $4,400.
c. be understated by $4,400.
d. not be impacted because Accumulated Depreciation is reported on the balance sheet.
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