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Business, 29.06.2021 17:20 spalmer7

Determine which of the statement(s) are correct if a Petty Cash account is not replenished at the end of the accounting period. (Check all that apply.) Multiple select question. The balance sheet would show an overstated cash asset. The balance sheet would show an understated cash asset. Expenses would not be recorded in the period in which they were incurred. The income statement would reflect a net income amount that was too high.

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Determine which of the statement(s) are correct if a Petty Cash account is not replenished at the en...

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