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The accountant for Noble Jewelry Repair Services Inc. forgot to make an adjusting entry for Depreciation Expense for the current year. Which of the following

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The accountant for Noble Jewelry Repair Services Inc. forgot to make an adjusting entry for Depreciation Expense for the current year. Which of the following is an effect of this error? Total assets are understated. Net income is overstated. Revenues are understated. Total liabilities are understated

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