Question
If an adjusting entry is not made for an accrued revenue... A) expenses will be understated B) earned owner's equity will be understated C) assets
If an adjusting entry is not made for an accrued revenue...
A) expenses will be understated
B) earned owner's equity will be understated
C) assets will be overstated
D) revenues will be overstated
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Fundamentals of Financial Accounting
Authors: Fred Phillips, Robert Libby, Patricia Libby, Brandy Mackintosh
4th Canadian edition
978-1259269868, 978-1259103292
