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

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

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