Delta Company uses accrual accounting. If the company fails to prepare a required uneared revenue adjusting entry, O liabilities will be overstated and stockholders equity will be understated. O assets will be overstated and stockholders equity will be understated. O liabilities and stockholders' equity will be overstated. liabilities and stockholders equity will be understated. Orion Company fires a staff accountant and does not record the firing in its accounting records, Which item below is a true statement? O Orion Company has complied with the economic entity assumption O Orion Company has complied with the monetary unit assumption Orion Company has violated the monetary unit assumption. O Orion Company has violated the economic entity assumption. Question 8 2 pts Beacon Company's balance sheet shows equipment at its fair market value. Which item below is correct? O Beacon Company has violated the cost principle. Beacon Company has complied with the cost principle. Beacon Company has complied with the principle of full disclosure. O Beacon Company has violated the principle of full disclosure