29. 3.00 points The effect of an adjustment on the financlal statements is usually to O match revenues and asets. O Increase the accuracy of both the balance sheet and income statement Increase net Income O make the balance sheet balance 11 3 value: 3.00 points Revenues are: O Increases In net assets from selling a product O cash receipts. O Increases in net assets from occasional sales of equipment O Increases In net assets from selling common stock value: 3.00 points The time frame assoclated with a balance sheet is O a point in time in the past. 0 a single date in the future O a function of the Information Included in t. a one-year past perlod of time