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If a company fails to make an adjusting entry to estimate uncollectible accounts, this error:...

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Question

Accounting

If a company fails to make an adjusting entry to estimate uncollectible accounts, this error:
Select one:
a.
Understates assets
b.
Understates owners equity
c.
Does none of these
d.
Overstates expenses
e.
Overstates net income

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