Help with accounting/finance

Accounting
Tutor: None Selected Time limit: 1 Day

Partner A invested in furniture that was recorded at a value below the fair market value. This error would cause the period’s
A. net income to be overstated.
    
B. end capital to be overstated.
    
C. end assets to be overstated.
    
D. end assets to be understated.

Apr 28th, 2015

when an item is treated improperly then it affects the  total value of the asset such that it will be overstated.The correct answer is c

Apr 28th, 2015

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Apr 28th, 2015
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Apr 28th, 2015
Dec 9th, 2016
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