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FAR > F1.8 Adjusting Journal Entries > Flashcards

F1.8 Adjusting Journal Entries Flashcards

1
Q

Unrecorded liability effect accrued liabilities and RE

A

Acc. Liab. Understated and RE no effect. Unrecorded liab. Affects work in process inventory, no effect on RE

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FAR (71 decks)

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