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If long-term assets are not adjusted, expenses on the income statement (Points : 4) a.will be overstated. b.will be understated. c. will not be affected. d. may be either overstated or understated
If long-term assets are not adjusted, expenses on the income statement will be understated.
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Asked 1/11/2014 5:58:09 PM
Updated 1/11/2014 6:21:01 PM
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If long-term assets are not adjusted, expenses on the income statement will be understated.
Added 1/11/2014 6:21:01 PM
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When an entry is made in the general journal, (Points : 4) a.assets should be listed first. b. accounts to be debited should be listed first. c. accounts to be increased should be listed first. d. accounts may be listed in any order
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Updated 3/6/2016 8:15:05 AM
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When an entry is made in the general journal, accounts to be debited should be listed first.
Added 3/6/2016 8:15:05 AM
This answer has been confirmed as correct and helpful.
Confirmed by Andrew. [3/6/2016 8:18:39 PM]
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