Question: If the adjusting entry to accrue interest on a note receivable is omitted, then A . liabilities are understated, net income is overstated, and stockholders'

If the adjusting entry to accrue interest on a note receivable is omitted, then
A. liabilities are understated, net income is overstated, and stockholders' equity is overstated.
B. assets, net income, and stockholders' equity are overstated.
C. assets are overstated, net income is understated, and stockholders' equity is understated.
D. assets, net income, and stockholders' equity are understated.
If the adjusting entry to accrue interest on a note receivable

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