Question: If the year - end adjusting entry to record salaries owed to employees were omitted then retained earnings would be understated. assets would be correctly

If the year-end adjusting entry to record salaries owed to employees were omitted then
retained earnings would be understated.
assets would be correctly stated.
stockholders' equity would be correctly stated.
expenses would be overstated.
liabilities would be overstated.
If the year - end adjusting entry to record

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