Corykids4392 Corykids4392

19-03-2024
Business

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The accountant for Brinkman's Auto, Inc. failed to make an adjusting entry to record $2,500 of unpaid salaries for the last two weeks of the year. Which of the following is an effect of this omission?
a) Overstatement of expenses
b) Understatement of expenses
c) Overstatement of revenue
d) Understatement of revenue

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