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Business, 12.03.2020 17:22 jalaholmes2027

Which of the following will happen if the accrual adjustment entry is not made to record an expense incurred but not yet recorded? a. Expenses will be understated and liabilities will be overstated. b. Both expenses and liabilities will be understated. c. Expenses will be overstated and liabilities will be understated. d. Both expenses and liabilities will be overstated.

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Which of the following will happen if the accrual adjustment entry is not made to record an expense...
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