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QUESTION 9 What is the impact of accrued expenses before year and adjusting entries? A. Understate expenses and understate liabilities. B. Overstate assets and understate

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QUESTION 9 What is the impact of accrued expenses before year and adjusting entries? A. Understate expenses and understate liabilities. B. Overstate assets and understate expenses. C. Understate expenses and overstate liabilities. D. Understate assets and understate expenses

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