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What is the effect on the 2014 financial statements when a capital expenditure during 2014 was incorrectly recorded as a repairs and maintenance expense? Assets

What is the effect on the 2014 financial statements when a capital expenditure during 2014 was incorrectly recorded as a repairs and maintenance expense?

Assets and net income are both overstated.
The financial statements are not affected.
Assets are overstated and net income was understated.
Assets and stockholders' equity are both understated.

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