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Use the following letters to indicate the effect. Be sure to use the exact notation O, U, or NE in your answers as the grading

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Use the following letters to indicate the effect. Be sure to use the exact notation O, U, or NE in your answers as the grading key is looking for an exact match OOverstatement U-Understatement NE-No Effect In adjusting for the difference related to the accounting for depreciation for book and tax purposes, the accountant understated the increase in the deferred tax liability account. This would cause assets to be equity to be revenue to be costs and expenses to be Ind net income to liabilities to be be The lessee's accountant failed to recognize the bargain purchase option when initially recording the company's new finance lease of equipment. The lease was entered into on the last day of 2019. This would cause assets to be liabilities to be equity to be revenue to be costs and expenses to be and net income to be liabilities to be be The lessee's accountant understated the amount of amortization on the right-of-use asset related to the finance lease on a building This would cause assets to be equity to be revenue to costs and expenses to be and net income to be When recording the lessor's sales-type france lease, the accountant falled to exclude the executory (non-lease components). The lease was entered into on the last day of 2019. This would cause assets to be abilities to be costs and expenses to be ulty to be revenue to be and net income to

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