Opline Test Window- Google Chrometests.mettl.com/test-window/f55ac827%#/testWindow/0/21/1EYAccounting Assessment 0Total 00:54:18Finish TestSection 1 of 1Section #1 v151617181920212224232522 of 45All243Question # 22RevisitChoose the best optionSuppose that an entity has paid one of its liabilities twice during the year, in error The effects of thisO Assets, liabilities, and equity are understated.mistake would beO Assets, net income, and equity are unaffected.O Assets and liabilities are understated.O Assets and net profit and equity are understated, and liabilities are overstated.Next QuestionPrev Question-91-82878-03040Zaineh Support +1-650-924-92214:14 PMmetti1/16/2021

Basic accounting equation Assets =Laibilties +Equity

Tota 21 22 23 24 25 22 of 45 All Choose the best option O Assets, liabilities, and equity are understated O Assets, net income, and equity are unaffected. O Assets and liabilities are understated. O Assets and net profit and equity are understated, and liabilities are ov

Tota 21 22 23 24 25 22 of 45 All Choose the best option O Assets, liabilities, and equity are understated O Assets, net income, and equity are unaffected. O Assets and liabilities are understated. O Assets and net profit and equity are understated, and liabilities are ov

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Question

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Accounting Assessment 0
Total 00:54:18
Finish Test
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Question # 22
Revisit
Choose the best option
Suppose that an entity has paid one of its liabilities twice during the year, in error The effects of this
O Assets, liabilities, and equity are understated.
mistake would be
O Assets, net income, and equity are unaffected.
O Assets and liabilities are understated.
O Assets and net profit and equity are understated, and liabilities are overstated.
Next Question
Prev Question
-91-82878-03040
Zaineh Support +1-650-924-9221
4:14 PM
metti
1/16/2021

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