Business, 26.10.2021 22:30 emmilicious

The accountant for Echo Hills Co. forgot to record money given to the company for services to be done in two months. The effect of this error is: a) An understatement of net income and liabilities
b) An understatement of assets and liabilities
c) An overstatement of net income and an understatement of assets
d) An overstatement of assets, net income, and stockholders' equity

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The accountant for Echo Hills Co. forgot to record money given to the company for services to be don...