Miss Hap,the bookkeeper,forgot to record the depreciation for the year.This error will cause:
A) assets to be understated.
B) liabilities to be understated.
C) stockholders' equity to be overstated.
D) stockholders' equity to be understated.

Question

Quizplus · Accepted Answer

The Answer of Miss Hap,the bookkeeper,forgot to record the depreciation for the year.This error will cause:
A) assets to be understated.
B) liabilities to be understated.
C) stockholders' equity to be overstated.
D) stockholders' equity to be understated.

Miss Hap,the Bookkeeper,forgot to Record the Depreciation for the Year