Problem

Which of the following would not overstate current-period net income?A. Capitalizing an ex...

Which of the following would not overstate current-period net income?

A. Capitalizing an expenditure that should be expensed.

B. Failing to record a liability for an expenditure.

C. Failing to record a check paying an item in vouchers payable.

D. All of the above would overstate net income.

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