If a Company Fails to Make an Adjusting Entry to Record

question 133

Multiple Choice

If a company fails to make an adjusting entry to record supplies expense, then

• A) equity will be understated.
• B) expense will be understated.
• C) assets will be understated.
• D) net income will be understated.

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Definitions:

Mark Twain

An American author and humorist best known for his novels "The Adventures of Tom Sawyer" and its sequel "The Adventures of Huckleberry Finn."

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