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Which are overstated as a result of the failure to record

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Problem 1: Which of the following are overstated as a result of the failure to record an accrued liability?

Option 1: Net income, current ratio and rate of return on debt.

Option 2: Current ratio, acid-test ratio and rate of return on debt.

Option 3: Net income, acid-test ratio and rate of return on debt.

Option 4: Net income, current ratio and acid test ratio.

Option 5: None of the above.

Reference no: EM132617615

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