Question: What will be the result if the adjusting entry to record the current periods depreciation on equipment is not recorded? A The net income for

What will be the result if the adjusting entry to record the current periods depreciation on equipment is not recorded?

A The net income for the period will be understated.
B The net income for the period will be overstated.
C The net income for the period will not be affected.
D The assets for the period will be understated.

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