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25-03-2024
Business

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The accountant for Brinkman's Auto, Inc. failed to make an adjusting entry to record $2,500 of unpaid salaries for the last two weeks of the year. Which of the following is an effect of this omission?
1) Decrease in net income
2) Increase in net income
3) No effect on net income
4) Cannot be determined without additional information

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