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If a company expenses a cost that should have been capitalized: expenses and...

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Accounting

If a company expenses a cost that should have been capitalized:

expenses and net income will be understated in the year of the error.

expenses and net income will be overstated in the year of the error.

expenses will be overstated and net income will be understated in the year of the error.

expenses will be understated and net income will be overstated in the year of the error.

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