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When the auditors discover an understatement of liabilities, they would most likely also expect to find an: Understatement of assets. Understatement of owners' equity. Overstatement
When the auditors discover an understatement of liabilities, they would most likely also expect to find an:
Understatement of assets.
Understatement of owners' equity.
Overstatement of expenses.
Understatement of revenues.
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