Multiple Choice
If an adjusting entry for depreciation is NOT made at the end of the accounting period,what is the effect on net income?
A) Net income will be too high.
B) Net income will be too low.
C) There will be no effect on net income.
D) Net income will not be affected in the current period,but will be overstated in the next period.
Correct Answer:
Verified
Correct Answer:
Verified
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