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Home Q & A Board Other Fields Homework Help Business Accounting
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upton upton
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7 years ago
When making the adjustment for accrued interest the Bond Discount account was not taken into consideration. This error would cause:
A) the period end assets to be overstated.
B) the period end liabilities to be understated.
C) the period's net income to be overstated.
D) Both B and C are correct.
Textbook 
College Accounting: A Practical Approach

College Accounting: A Practical Approach


Edition: 13th
Author:
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LaffioLaffio
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#1
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7 years ago
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