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The Clark Company fails to record these two journal entries: Amortization of Discount on Bond Payable:$40 Cash Dividends declared:$10 Total Stockholders' Equity will be: Select

The Clark Company fails to record these two journal entries:

Amortization of Discount on Bond Payable:$40

Cash Dividends declared:$10

Total Stockholders' Equity will be:

Select one:

a.Correct

b.$10 overstated

c.$10 understated

d.$50 understated

e.$50 overstated

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