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The accountant for XYZ Corporation failed to make an adjusting entry to record the $ 5 , 0 0 0 accrual of revenues earned in
The accountant for XYZ Corporation failed to make an adjusting entry to record the $ accrual of revenues earned in the last week of the year. Which of the following is true?
Total assets are overstated.
Total assets are understated.
Total liabilities are overstated.
Total liabilities are understated.
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Cost Accounting A Managerial Emphasis
Authors: Charles T. Horngren, Srikant M. Datar, Madhav V. Rajan
15th edition
978-0133428858, 133428850, 133428702, 978-0133428704
