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A company made no adjusting entry for collected but unearned revenues of $9000 on December 31. Which of the following statements if true? A) It

A company made no adjusting entry for collected but unearned revenues of $9000 on December 31. Which of the following statements if true?

A) It will understate assets by $9000

B) It will overstate liabilities by $9000

C) It will overstate revenue by $9000

D) It will have no effect on income

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