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What effect will the adjusting journal entry to close out underapplied overhead, have on PearCos net operating income? Multiple Choice Net operating income will decrease.

What effect will the adjusting journal entry to close out underapplied overhead, have on PearCos net operating income?

Multiple Choice

  • Net operating income will decrease.

  • Net operating income will increase.

  • Net operating income will be unaffected.

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