Question: Current Attempt in Progress If a company fails to make an adjusting entry to record supplies expense, then stockholders' equity will be understated. net income

Current Attempt in Progress
If a company fails to make an adjusting entry to record supplies expense, then
stockholders' equity will be understated.
net income will be understated.
assets will be understated.
expense will be understated.
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 Current Attempt in Progress If a company fails to make an

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