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QUESTION 10 Not yet answeredPoimts outota.o On December 1. Findlay Company received three months' rental income in advance and credited a liability account. On December

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QUESTION 10 Not yet answeredPoimts outota.o On December 1. Findlay Company received three months' rental income in advance and credited a liability account. On December 31. the end of the accounting period. Findlay failed to make an adjusting entry reflecting that a portion of this rent had been earned. This error results in: Select one O A. Overstated assets OB. Overstated liabilities O c overstates revenue 0 D. Understated assets Previous page Next page

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