Question 10 0.5 pts If a company fails to adjust its unearned rent revenue pccount at year-end, what effect will this have on that month's financial statements? Liabilities will be overstated and revenues will be understated. Assets will be overstated and revenues will be understated. Liabilities will be understated and revenues will be understated. Liabilities will be understated and net income will be overstates. Assets will be understated and revenues will be understated