Question: What will be the result if the adjusting entry to record the current period's depreciation on equipment is not recorded? O A. The assets for

What will be the result if the adjusting entry to record the current period's depreciation on equipment is not recorded? O A. The assets for the period will be understated. OB. The net income for the period will be understated. OC. The net income for the period will be overstated. D. The net income for the period will not be affected

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