44 What would the impact of recording a customer deposit as revenue instead of unearned revenue have on the assets, liabilities, and shareholders' equity? ed Select one: out of A. Assets - No Effect; Liabilities - Overstated; Shareholders Equity - Understated . Assets - No Effect; Liabilities - Overstated; Shareholders Equity - Overstated Assets - No Effect; Liabilities - Understated; Shareholders Equity - Overstated D. Assets - Overstated; Liabilities - Overstated; Shareholders Equity - Overstated No effect on assets, liabilities, and shareholders' equity because this is not an error