Business
Business, 01.11.2019 04:31, angie1281

If an adjustment for salaries earned but not recorded or paid in the amount of $85,000 were to be omitted, how would this affect the financial statements? a. net income would be understated on the income statement by $85,000. b. assets would be understated on the balance sheet for $85,000. c. liabilities would be understated on the balance sheet for $85,000.d. expenses would be overstated on the income statement by $85,000.

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