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If an adjusting entry is not made for an accrued expense, a. expenses will be overstated, b. liabilities will be understated. c. net income will be understated. d. equity will be understated.​
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If an adjusting entry is not made for an accrued expense,

a. expenses will be overstated,
b. liabilities will be understated.
c. net income will be understated.
d. equity will be understated.​

User Mostar
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Answer:

c. net income will be understated.

User Guz
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