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Which failure to record adjusting entry for salaries expense

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Reference no: EM132630942

Problem 1: Failure to record an adjusting entry for salaries expense would:

Group of answer choices

Option 1: Cause net income to be understated.

Option 2: Cause liabilities to be overstated.

Option 3: Cause stockholders' equity to be overstated.

Option 4: Cause cash to be understated.

Reference no: EM132630942

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