Transcribed Image Text: Opline Test Window- Google Chrome tests.mettl.com/test-window/f55ac827%#/testWindow/0/21/1 EY Accounting Assessment 0 Total 00:54:18 Finish Test Section 1 of 1 Section #1 v 15

Transcribed Image Text: Opline Test Window- Google Chrome
tests.mettl.com/test-window/f55ac827%#/testWindow/0/21/1
EY
Accounting Assessment 0
Total 00:54:18
Finish Test
Section 1 of 1
Section #1 v
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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.
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