Question

The credit portion of the adjustment for the depletion of a coal mine was credited to the Coal Mine account. This error would cause

A. the period’s net income to be overstated.
B. the period’s net income to be understated.
C. the period end assets to be overstated.
D. None of the above

Answer 1

The answer is D.....

Answer 2

The answer to this question is:

The credit portion of the adjustment for the depletion of a coal mine was credited to the Coal Mine account. This error would cause?
D-"None of the above"

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