Question: Failure to record a liability will probably have no effect on net income. result in overstated net income. result in overstated total assets. result in

Failure to record a liability will probably
have no effect on net income.
result in overstated net income.
result in overstated total assets.
result in overstated total liabilities and shareholders' equity.
Failure to record a liability will probably have no effect on

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