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gOOvER gOOvER
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6 years ago
At the end of the fiscal period, Wilf Carter Services omitted the adjusting entry for amortization on equipment. The effect of this error on the financial statements is to:
A) understate liabilities.
B) understate owner's equity.
C) overstate expenses.
D) overstate assets.
Textbook 
Accounting, Volume 1, Canadian Edition

Accounting, Volume 1, Canadian Edition


Edition: 9th
Authors:
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HanoiHanoi
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6 years ago
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