K The accountant for Barnes Auto Repair Company failed to make an adjusting entry to...
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Accounting
K The accountant for Barnes Auto Repair Company failed to make an adjusting entry to record $5,000 of unpaid salaries for the last two weeks of the year Which of the following is an effect of this omission? OA. The total assets will be overstated OB. The total assets will be understated OC. The net income will be understated. OD. The net income will be overstated
A. The sotal muet wat te owestared C. The out income ati be ungersteves D. The cet ncemue wat be cropritatiod
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