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i got 2 questions What will be the result if no adjusting entry is made to record revenue earned during the current period when the

image text in transcribedi got 2 questions
What will be the result if no adjusting entry is made to record revenue earned during the current period when the cash was received in the last accounting period? The assets will be overstated. The liabilities will be understated. The assets will be understated. The liabilities will be overstated. Question 11 (1 point) Under the effective-interest method of amortization, the cash payment on each interest payment date will: increase if bonds are issued at a discount increase if bonds are issued at par decrease if bonds are issued at a premium remain the same for each interest period

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