2 practice # 1

A. Acsets will be understated on the balance shod, whik fevenues will be oversalbd ch the income statement. B. Assets wil be understated on the balance theet, while revenues will be understafed on the income statement. C. Assets will be cverstated on the balance sheet, while revenues will be oversaled an the income statemert. D. Assets Wie be overstated on the balance sheet whle revenues will be understated on the income stabemant