Kline Company failed to record depreciation of equipment How does this omission affect Kline's financial statements A Net income is overstated and assets are understated B Net income is understated and assets are overstated C Net income is understated and assets are understated D Net income is overstated and assets are overstated

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Kline Company failed to record depreciation of equipment. How does this omission affect Kline's financial statements? A . Net income is overstated and assets are

Kline Company failed to record depreciation of equipment. How does this omission affect Kline's financial statements?

.

Net income is overstated and assets are understated.

.

Net income is understated and assets are overstated.

.

Net income is understated and assets are understated.

.

Net income is overstated and assets are overstated.

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