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Please help with answers 1.If a company fails to adjust for unearned revenue earned during its adjusting process, what would be the effect on the

Please help with answers

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1.If a company fails to adjust for unearned revenue earned during its adjusting process, what would be the effect on the balance sheet? A.Assets would be too high; stockholders' equity would be too low. B.Liabilities would be too high; stockholder's equity would be too high. C.Assets would be too low; stockholders' equity would be too low. D.Liabilities would be too high; stockholders' equity would be too low. E.Liabilties would be too low; stockholders' equity would be too high 2.Which of the following correctly pairs the transaction with its related activity? A.Purchase of land - Operating B.Collection of cash from customers - Financing C.Payment of dividends to stockholders - Operating D.Receipt of cash from stockholders in exchange for stock - Financing E.Payment to suppliers for merchandise inventory - Investing 3.Which of the following statements best defines accounts payable? A.Money due to vendors for goods already purchased or services already received. B.Money due from customers for goods already sold or services already performed. C.Money paid to vendors for goods to be received in the future or services to be received in the future. D.Money received from customers prior to a good being sold or a service being performed. E.More than one of the above

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