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Sunland Corporation is analyzing its account balances for 2 0 2 2 . As of the end of 2 0 2 2 , a debit
Sunland Corporation is analyzing its account balances for As of the end of a debit balance of $ remains in the
Manufacturing Overhead account. What impact does this have on the financial statements, assuming the proration method is not
used?
It will reduce income by $
It will increase assets by $ and have no effect on income.
It will decrease gross profit but have no effect on income.
It will increase income by $
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