Question: Failure to record a liability will probably a . result in overstated profit. b . result in overstated total liabilities and shareholders' equity. c .

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

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