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What effect do these errors have on the reported net income

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Question - Assume that a firm reports net income of $74,000 prior to making adjusting entries for the following items: expired rent, $5,400; depreciation expense, $6,600; and supplies used, $2,000.

Assume that the required adjusting entries have not been made. What effect do these errors have on the reported net income?

Reference no: EM132440612

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