Question: Select all that apply Not recording an accrued expense will have the following effect on the financial statements: expenses on the income statement will be

Select all that apply
Not recording an accrued expense will have the following effect on the financial statements:
expenses on the income statement will be understated.
liabilities on the balance sheet will be overstated.
liabilities on the balance sheet will be understated.
expenses on the income statement will be overstated.
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Select all that apply Not recording an accrued expense will have

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