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  • Oct 29, 2009, 10:47 AM
    darchilta
    Accounting questions
    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
  • Oct 29, 2009, 08:05 PM
    morgaine300

    Please see the guidelines for posting homework questions:
    httphttps://www.askmehelpdesk.com/fi...u-font.html://

    Why don't you tell us what you think first?

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