Failure to accrue interest expense results in A. an overstatement of net income and an understatement of liabilities. B. an understatement of net income and an overstatement of liabilities. C. an overstatement of net income and an overstatement of liabilities. D. an understatement of net income and an understatement of liabilities.

A. an overstatement of net income and an understatement of liabilities.

Explanation:

c

explanation:

c because the item on a bank statement is also referred to as an account statement. in addition, it provides the beginning balance, ending balance, statement date, transaction date for each transaction, payee, customer name and address, statement period, the account holder's account number, and the bank's customer service number

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