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The Clark Company fails to record these two adjusting journal entries: Depreciation on Equipment: $40 Collection of an Account Receivable: $10 Working capital will be:

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The Clark Company fails to record these two adjusting journal entries: Depreciation on Equipment: $40 Collection of an Account Receivable: $10 Working capital will be: a) Correct b) $10 overstated c) $10 understated d) $50 overstated e) $50 understated

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