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The Roosevelt Company issued common stock for cash and recorded this journal entry. Uneamed Revenue Retained Earings Determine the effect of the error on the

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The Roosevelt Company issued common stock for cash and recorded this journal entry. Uneamed Revenue Retained Earings Determine the effect of the error on the following: Select one: Net Income Overstated Total Retained Earnings Overstated Total Owner's Equity Overstated Net Income Overstated Total Retained Earnings No error Total Owner's Equity No error Net Income No error Total Retained Ear Overstated Total Owner's Equity No error Net Income Understated Total Retained Earnings No error Total Owner's Equity Understated Net Income No error Total Retained Ea No error Total Owner's Equity Overstated

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