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Failure to prepare an adjusting entry at the end of the period to record a new accrued revenue would cause: (Choose all of the
Failure to prepare an adjusting entry at the end of the period to record a new accrued revenue would cause: (Choose all of the correct answers.) (HINT: make the forgotten journal entry to help you determine the effect on each of these accounts types) Expenses to be overstated Stockholders' equity to be understated Liabilities to be understated Revenues to be overstated Assets to be understated
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