Question: 27. Failure to record a liability probably will a. result in overstated net income. b. result in overstated total liabilities and stockholders' equity. c. have

27. Failure to record a liability probably will
a. result in overstated net income.
b. result in overstated total liabilities and stockholders' equity.
c. have no effect on net income.
d. result in overstated total assets.

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