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The accountant failed to make the adjusting entry to record the depreciation for the year....

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Accounting

  1. The accountant failed to make the adjusting entry to record the depreciation for the year. This error would cause

    a. an understatement of shareholders' equity.

    b. an understatement of liabilities.

    c. an overstatement of expenses.

    d. an overstatement of assets.

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