Question 44 1.5 pts Which of the following adjusting entries will increase net income? O Recognition of accrued expense O Recognition of all types of accruals O Recognition of all types of accruals and deferrals O Recognition of accrued income Question 43 1.5 pts If income is already earned but no adjusting entry recognizing such income is made, the error will result to Overstated profit and owner's equity O Understated profit and overstated owner's equity Understated profit and owner's equity Overstated profit and understated owner's equity