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A services company received $2,000 cash for services be performed in the future. The full amount was credited to the liability account Unearned revenue. If
A services company received $2,000 cash for services be performed in the future. The full amount was credited to the liability account "Unearned revenue". If the services have been performed at the end of the accounting period and no adjusting entry is made, this would cause .expenses to be overstated AO net income to be overstated.BO liabilities to be understated.CO revenues to be understated DO
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