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If an adjustment is needed for unearned revenues, the liability and related revenue are understated before adjustment. liability and related revenue are overstated before adjustment.
If an adjustment is needed for unearned revenues, the liability and related revenue are understated before adjustment. liability and related revenue are overstated before adjustment. liability is understated and the related revenue is overstated before adjustment. liability is overstated and the related revenue is understated before adjustment.
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