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If a company failed to make the end-of-period adjustment to move the amount of management fees that were earned from the unearned management fees account

If a company failed to make the end-of-period adjustment to move the amount of management fees that were earned from the unearned management fees account to the management fees revenue account, this omission would cause:

A) An overstatement of net income.

B) An overstatement of assets.

C) An overstatement of liabilities

D) An overstatement of equity

E) An understatement of liabilities

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