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Assume that a firm reports net income of $45000 prior to making adjusting entries for the following items expired rent

Assume that a firm reports net income of $45,000 prior to making adjusting entries for the following items: expired rent, $3,500; depreciation expense, $4,100; and supplies used, $1,800. Assume that the required adjusting entries have not been made. What effect do these errors have on the reported net income?

May 22 2020 View more View Less

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