Question: Over/Under: Alpha's bookkeeper made a mistake by erroneously recording a loan from Beta Bank as a cash sale. This mistake has what effect on assets,

Over/Under: Alpha's bookkeeper made a mistake by erroneously recording a loan from Beta Bank as a cash sale. This mistake has what effect on assets, liabilities, and net income? Assets: Overstated Liabilities: Understated Net Income: Understated

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