18 if the adjusting entry to accrue interest on a note receivable is omitted, then (5...

 

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18 if the adjusting entry to accrue interest on a note receivable is omitted, then (5 Points) al liabilities are understated, net income is overstated, and shareholders equity is overstated. b) assets are overstated, net income is understated, and shareholders equity is understated. assets, net income, and shareholders' equity are overstated. 19 assets, net income, and shareholders equity are understated. Net sales total $730,000. Beginning and ending accounts receivable are $62,000 and $$8,000, respectively. Calculate days sales in receivables. (5 Points) al 12 days 23 dan di 30 days 18 if the adjusting entry to accrue interest on a note receivable is omitted, then (5 Points) al liabilities are understated, net income is overstated, and shareholders equity is overstated. b) assets are overstated, net income is understated, and shareholders equity is understated. assets, net income, and shareholders' equity are overstated. 19 assets, net income, and shareholders equity are understated. Net sales total $730,000. Beginning and ending accounts receivable are $62,000 and $$8,000, respectively. Calculate days sales in receivables. (5 Points) al 12 days 23 dan di 30 days

Answer rating: 100% (QA)

Answer 18 Assets net income and shareholders equity are unde... View the full answer