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Wonderland, Inc. inadvertently recorded an expense as a capital expenditure. Which of the following will occur as a result of this mistake? 0 A. Net

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Wonderland, Inc. inadvertently recorded an expense as a capital expenditure. Which of the following will occur as a result of this mistake? 0 A. Net income will be overstated. O B. Net income will be understated. O C. Assets will be understated 0 D. Both A and C will occur

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