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If the supplies account is not adjusted, which of the following would occur? a . Assets and expenses would be overstated. b . Assets and
If the supplies account is not adjusted, which of the following would occur?
a Assets and expenses would be overstated.
b Assets and expenses would be understated.
c Assets would be understated, and expenses would be overstated.
d Net income and stockholders' equity would be overstated.
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