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The accountant of Residential Architectural Services failed to make an adjusting entry to record $7,000 of depreciation expense. Which of the following statements is

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The accountant of Residential Architectural Services failed to make an adjusting entry to record $7,000 of depreciation expense. Which of the following statements is true? OA. The total assets will be understated OB. The total abilities will be overstated OC. The total assets will be overstated OD. The equity will be understated NEED

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