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08-03-2024
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The accountant for brinkman's auto, inc. failed to make an adjusting entry to record $2,500 of unpaid salaries for the last two weeks of the year. which of the following is an effect of this omission?
A) Overstatement of net income
B) Understatement of liabilities
C) Overstatement of assets
D) Understatement of expenses

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