Which of the following would have an unfavorable effect on net income? Answer Om

Question

Which of the following would have an unfavorable effect on net income? Answer Omission of an adjusting entry to accrue revenue. Understating the amount of depreciation recorded. Failure to record the portion of prepaid rent that has expired. Overstating the year-end count of supplies. Which of the following would have an unfavorable effect on net income? Which of the following would have an unfavorable effect on net income? Omission of an adjusting entry to accrue revenue. Understating the amount of depreciation recorded. Failure to record the portion of prepaid rent that has expired. Overstating the year-end count of supplies. Omission of an adjusting entry to accrue revenue. Understating the amount of depreciation recorded. Failure to record the portion of prepaid rent that has expired. Overstating the year-end count of supplies.

Explanation / Answer

Failure to record the portion of prepaid rent that has expired.

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