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A company recorded the $17,000 adjusting entry for the earning of rent received in advance by debiting expenses and crediting liabilities $17,000. Which of the

A company recorded the $17,000 adjusting entry for the earning of rent received in advance by debiting expenses and crediting liabilities $17,000. Which of the following is/are overstated by $34,000?

A. liabilities

B. owners' equity

C. revenues

D. all of these

E. none of these

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