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An Cheyenne Corp. earned $1760 for architecture services provided with the fee to be paid in the future. Nothing was recorded at the time the
An Cheyenne Corp. earned $1760 for architecture services provided with the fee to be paid in the future. Nothing was recorded at the time the service was provided. If the fee has not been paid by the end of the accounting period and no adjustment is made, this would cause: net income to be overstated. O revenues to be overstated. O revenues to be understated. liabilities to be understated
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