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Ill rate, please help... Due to an oversight, a company made no adjusting entry for accrued and unpaid employee wages of $29,000 on December 31.
Ill rate, please help...
Due to an oversight, a company made no adjusting entry for accrued and unpaid employee wages of $29,000 on December 31. This oversight would:
| Have no effect on net income. | |
| Understate net income by $29,000. | |
| Overstate net income by $29,000. | |
| Overstate assets by $29,000. | |
| Understate assets by $29,000. |
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Managerial Accounting Tools For Business Decision Making
Authors: Strayer University
2010th Custom Edition
0470603534, 978-0470603536
