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QUESTION 2 What is the impact of accrued expenses before year end adjusting entries? O A. Overstate assets and understate expenses. B. Understate expenses and

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QUESTION 2 What is the impact of accrued expenses before year end adjusting entries? O A. Overstate assets and understate expenses. B. Understate expenses and understate liabilities. OC. Understate expenses and overstate liabilities. D. Understate assets and understate expenses

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