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Record accrued and unpaid employee wages

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Question 1: A company forgot to record accrued and unpaid employee wages of $350,000 at period-end. This oversight would

Option a. Understate net income by $350,000.

Option b. Overstate net income by $350,000.

Option c. Have no effect on net income.

Option d. Overstate assets by $350,000.

Option e. Understate assets by $350,000.

Reference no: EM132512217

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