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    Financial Accounting Study Set 2
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    Exam 5: Internal Controls: Ensuring the Integrity of Financial Information
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    Recording Rent Expense as Wage Expense
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Recording Rent Expense as Wage Expense

Question 67

Question 67

Multiple Choice

Recording Rent Expense as Wage Expense


A) Overstates income
B) Understates expenses
C) Understates owner's equity
D) None of these are correct

Correct Answer:

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