A company uses accrual-basis accounting. Shortly before the end of the current year, the company earned $1,000 by providing services to a customer but the customer does not pay the company until the following year. Nothing is recorded regarding these events, including year-end adjusting entries. This omission would cause the companys current year

Group of answer choices

liabilities to be understated.

revenues to be overstated.

retained earnings to be overstated.

assets to be overstated.

stockholders' equity to be understated.