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The failure to properly record an adjusting entry to accrue a revenue item will result in an understatement of revenues and an understatement of liabilities.

The failure to properly record an adjusting entry to accrue a revenue item will result in an

understatement of revenues and an understatement of liabilities.

overstatement of revenues and an overstatement of liabilities.

overstatement of revenues and an overstatement of assets.

understatement of revenues and an understatement of assets.

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