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the answer is E but why 2. Failure to make an adjusting entry to recognize rental revenue earned from a deferred revenue account would cause

the answer is E but whyimage text in transcribed

2. Failure to make an adjusting entry to recognize rental revenue earned from a deferred revenue account would cause a. An understatement of assets, net income, and stockholders' equity b. An overstatement of assets and stockholders' equity and an understatement of net income C. No effect on assets, liabilities, net income, nor stockholders' equity d. An overstatement of assets, net income, and stockholders' equity e. None of the above is correct

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