Question 27 Not yet The Pieper Corp. recorded the accrual of an expense by debiting Revenue and crediting Unearned Revenue. What is the effect of the error on the following? answered Points out of 3.00 Select one: a. P Flag question Liabilities No error Net Income No error b. Liabilities No error Net Income Overstated Liabilities Understated Net Income Overstated d. Liabilities Overstated Net Income Understated e. Liabilities Overstated Net Income No Error