Question 7 Failure to make an adjusting entry to recognize a deferred revenue would cause an: Overstatement of liabilities and stockholders' equity, and an understatement of revenues. Overstatement of revenues, liabilities, and stockholders' equity. Understatement of revenues and stockholders' equity and an overstatement of liabilities. Understatement of revenues, liabilities, and stockholders' equity. None of the above. 4 pts