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majestico majestico
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Posts: 1455
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7 years ago
The cost of a plant asset did NOT include installation costs that were expensed. This error would cause:
A) the period's net income to be overstated.
B) the period's net income to be understated.
C) the period end assets to be understated.
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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OmpaOmpa
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#1
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7 years ago
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majestico Author
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7 years ago
This calls for a celebration Person Raising Both Hands in Celebration
mmmm_dat_userna
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Yesterday
Smart ... Thanks!
jaray75
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2 hours ago
Thank you, thank you, thank you!
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