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What would the effect on Aggie's balance sheet be if adjusting entry ( c ) is not recorded? A . Liabilities overstated and stockholders' equity
What would the effect on Aggie's balance sheet be if adjusting entry c is not recorded?
A Liabilities overstated and stockholders' equity understated
B Assets overstated and liabilities understated
C Assets overstated and stockholders' equity understated
D Assets understated and stockholders' equity overstated
E There will be no effect on Aggie's balance sheet.
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