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For each item indicate by a check mark in the appropriate

Error Analysis when the records of Archibald Corporation were reviewed at the close of 2011, the errors listed below was discovered. For each item indicate by a check mark in the appropriate column whether the error resulted in an overstatement, an understatement, or had no effect on net income for the years 2010 and 2011.

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Accounting Basics: For each item indicate by a check mark in the appropriate

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