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A) Overstatement of Revenues, Expenses and Net Income.
B) Overstatement of Revenues and Expenses, and understatement of Net Income.
C) Overstatement of Net Income and understatement of Revenues and Expenses.
D) Overstatement of Revenues and Net Income, and understatement of Expenses.
E) None of the above.
D) overstatement of revenues and net income, and understatement of expenses
Overstatement of Revenues and Net Income, and understatement of Expenses is the right answer.
C) Overstatement of Net Income and understatement of Revenues and Expenses.
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