Question: Failure to record the adjusting entry foramortization: (choose the right one) A. overstates assets and overstates equity B. overstates assets and understates equity C. understates

Failure to record the adjusting entry foramortization:

(choose the right one)

A.overstates assets and overstates equity

B.overstates assets and understates equity

C.understates assets and overstates equity

D.understates assets and understates equity

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