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The Gerding Company discovered these errors made in year 3: Failed to record Prepaid Expense:...

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The Gerding Company discovered these errors made in year 3: Failed to record Prepaid Expense: $15 Failed to record Accrued Interest Expense: $7 Year 4 Net Income will be: Select one: a. Overstated $8 b. Overstated $15 OC. Understated $8 O d. Understated $15 O e. Overstated $22

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