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Over/Under: Alpha paid cash to satisfy an existing account payable but erroneously recorded it as cash received from a customer to satisfy an existing
Over/Under: Alpha paid cash to satisfy an existing account payable but erroneously recorded it as cash received from a customer to satisfy an existing account receivable. This error has what effect on assets, liabilities, and net income? Assets: [Select] Liabilities: [Select] Net Income [Select] No Effect Understated Overstated
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