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What will be the result from failing to record the year-end adjustment for depreciation? A. An overstatement of income, understatement of owners' equity B. An
What will be the result from failing to record the year-end adjustment for depreciation?
A. An overstatement of income, understatement of owners' equity
B. An overstatement of income, understatement of assets
C. An overstatement of income, overstatement of assets
D. An understatement of income, overstatement of owners' equity
E. An understatement of income, understatement of owners' equity
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