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Miss Hap,the Bookkeeper,forgot to Record the Depreciation for the Year

Question 74

Multiple Choice

Miss Hap,the bookkeeper,forgot to record the depreciation for the year.This error will cause:


A) assets to be understated.
B) liabilities to be understated.
C) stockholders' equity to be overstated.
D) stockholders' equity to be understated.

Correct Answer:

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