If an deferred revenue is not recorded when performed then assets will be [Select] liabilities will be understabed correct overstated and equity will be [Select) If an deferred revenue is not recorded when performed then assets will be [ Select ] liabilities will be and equity will be [ Select ] overstated understated correct If an deferred revenue is not recorded when performed then assets will be [Select] , liabilities will be [ Select ] and equity will be [ Select] understated overstated correct