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A company recorded the $27,000 adjusting entry for accrued interest expense on monies it borrowed...

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Accounting

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A company recorded the $27,000 adjusting entry for accrued interest expense on monies it borrowed by debiting assets and crediting revenues for $27,000. Which of the following is/are overstated by $54,000 ? A. assets B. expenses C. net income D. all of these E. none of these

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