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.
   
D. end assets to be understated.

May 5th, 2015

If  an assets such as furniture recorded less than their market value,the periods financial statement  should show end assets understated, so the the same understatement remains the same, the correct answer is D

May 5th, 2015

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May 5th, 2015
May 27th, 2017
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