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Which of the following would result in an overstatement in reported net income? A. Expensing rather than capitalizing the $12,500 cost of a capital asset.
Which of the following would result in an overstatement in reported net income? A. Expensing rather than capitalizing the $12,500 cost of a capital asset. O B. Failure to record an accrued revenue of $24,000. OC. Failure to record $45,000 collection of accounts receivable. D. Failure to record an accrued expense of $18,000
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