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Over/Under: Alpha's bookkeeper failed to record a loan received from a bank that Alpha made. The bookkeeper also failed to record an AJE for interest

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Over/Under: Alpha's bookkeeper failed to record a loan received from a bank that Alpha made. The bookkeeper also failed to record an AJE for interest on the loan that had accrued during the year. All of this has what effect on assets, liabilities, and net income? > Assets: [Select ] Liabilities: [Select ] Net Income: (Select] [Select] Overstated No Effect Understated Next

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