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Which of the following would understate net income? Multiple Choice Failing to post an adjusting entry to accrue revenue. Understating the amount of Depreciation Expense

Which of the following would understate net income?

Multiple Choice

  • Failing to post an adjusting entry to accrue revenue.

  • Understating the amount of Depreciation Expense recorded.

  • Failing to prepare an adjusting entry to recognize the portion of prepaid rent that has expired.

  • Overstating the year-end balance of the Supplies account.

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