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Problen 2: 20minutes, 14 points Indicate the effect of the following crrors on each of the finitncial staternent elements deseribed bciow. Use the following symbols:

Problen 2: 20minutes, 14 points Indicate the effect of the following crrors on each of the finitncial staternent elements deseribed bciow. Use the following symbols: O= overstated (more than it should be), U= understated(less than it

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