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If the accountant failed to make an adjusting entry to record supplies used during the...

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Accounting

If the accountant failed to make an adjusting entry to record supplies used during the period, the omission will cause:

-An understatement of assets, net income, and stockholders equity

-An overstatement of assets and expenses

-An overstatement of assets, net income, and stockholders equity

-An overstatement of assets and an understatement of net income and stockholders' equity

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