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If the supplies account is not adjusted, which of the following would occur? a. assets would be overstated; expenses would be overstated b. assets would

If the supplies account is not adjusted, which of the following would occur?

a. assets would be overstated; expenses would be overstated

b. assets would be understated;expenses would be understated

c. assets would be understated;expenses would be overstated

d. None of these choices are correct

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