the accountant failed to make the adjusting entry to record the unpaid wages of its'...

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Accounting

the accountant failed to make the adjusting entry to record the unpaid wages of its' emplyess, what will it affect: 1. under-statement of assets and liabilities, 2 understandment of liability and over statement of shareholders equit;y, 3 understatement of expense, liability and shareholder equiity, 4 overstatement of asse, liability, shareholder equiity

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