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    Financial Accounting Tools Study Set 4
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    Exam 10: Reporting and Analyzing Liabilities
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    Failure to Record a Liability Will Probably
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Failure to Record a Liability Will Probably

Question 92

Question 92

Multiple Choice

Failure to record a liability will probably


A) result in an overstated net income.
B) result in overstated total liabilities and owner's equity.
C) have no effect on net income.
D) result in overstated total assets.

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