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How does the adjusting entry to recognize the portion of the unearned revenue that a company earned during the accounting period affect the elements of

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How does the adjusting entry to recognize the portion of the unearned revenue that a company earned during the accounting period affect the elements of the financial statements? Multiple Choice An increase in assets and a decrease in liabilities An increase in liabilities and a decrease in equity A decrease in liabilities and an increase in equity A decrease in assets and a decrease in liabilities

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