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During the Preparation of the Worksheet,the $1,000 Balance of the Sam,Withdrawal

Question 67

Multiple Choice

During the preparation of the worksheet,the $1,000 balance of the Sam,Withdrawal account was extended as a debit to the income statement columns.This error will:


A) overstate net income $1000.
B) understate net income $1000.
C) overstate net income $2000.
D) understate net income $2000.

Correct Answer:

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