Question: All else being equal, what is the overall etlect on a company's net income and balance sheet when a company FAILS to write down its

All else being equal, what is the overall etlect on a company's net income and balance sheet when a company FAILS to write down its inventory when it should have? There are four spaces that must be answered.

Net Income

Total Assets

Total Liabilities

Tetal Owners' Equity

Write

-

down effect

All else being equal, what is the overall etlect

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