Question: If the year - end adjusting entry to record salaries owed to employees were omitted thenGroup of answer choicesliabilities would be overstated.expenses would be overstated.retained

If the year

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end adjusting entry to record salaries owed to employees were omitted thenGroup of answer choicesliabilities would be overstated.expenses would be overstated.retained earnings would be understated.stockholders' equity would be correctly stated.assets would be correctly stated.

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