A company forgot to record depreciation on its equipment at year- end. What is the...
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A company forgot to record depreciation on its equipment at year end. What is the impact on the financial statements? aUnderstand net income, understated asset b Overstated expenses, overstated liabilities Coverstated net income, overstated assets D no impact on net income but overstated liabilities.
A company forgot to record depreciation on its equipment at year end. What is the impact on the financial statements?
aUnderstand net income, understated asset
b Overstated expenses, overstated liabilities
Coverstated net income, overstated assets
D no impact on net income but overstated liabilities.
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You can see the logs in the Dashboard.