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darchilta
Oct 29, 2009, 10:47 AM
failure to record the used portion of supplies on hand during the month has the following effect on the finanacial statement prepared at the end of the month.

1. understates net incom
2. overstates assets
3. overstates liabilities
4. understates owners equity
morgaine300
Oct 29, 2009, 08:05 PM
Please see the guidelines for posting homework questions:
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