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At the end of the fiscal year, the usual adjusting entry to Unearned Revenue to record work performed for a customer on a prepaid contract

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At the end of the fiscal year, the usual adjusting entry to Unearned Revenue to record work performed for a customer on a prepaid contract was omitted. Indicate below for each category whether it will be understated, overstated, or be correct as a result of the missing adjusting journal entry. Category Pick one Assets

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