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    Fundamentals of Financial Accounting
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    Exam 3: Reporting Operating Results on the Income Statement
  5. Question
    If the Purchase of Supplies on Account Is Not Recorded
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If the Purchase of Supplies on Account Is Not Recorded

Question 64

Question 64

Multiple Choice

If the purchase of supplies on account is not recorded then:


A) liabilities will be overstated.
B) expenses will be overstated.
C) cash will be understated.
D) liabilities will be understated.

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