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Time left 1:39: Assume a company recorded an adjusting entry that was required to adjust for the portion of unearned revenue that had been earned

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Time left 1:39: Assume a company recorded an adjusting entry that was required to adjust for the portion of unearned revenue that had been earned during fiscal year 2021. Specify how recording this transaction impacted each of the items below in the financial statements for fiscal year 2021. Ignore the impact of income tax expense. Use the Drag and Drop feature. Choose from: Increased, Decreased or No Impact Sales Repenue Drag answer here No impact Cost of goods sold Drag answer here Decreased Gross profit Drag answer here Increased Operating expense Drag answer here Operating income Drag answer here Pre-tax income Drag answer here Net income Drag answer here Caninarnar --- Assume a company recorded an adjusting entry that was required to adjust for the portion of unearned revenue that had been earned during fiscal year 2021. Specity how recording this transaction impacted each of the items below in the financial statements for fiscal year 2021. ignore the impact of income tax expense. Use the Drag and Drop feature. Choose from. Increased, Decreased or No impact Net income Drag answer here No impact Earnings per share Drag answer here Decreased Current assets Drag answer here Increased Total assets Drag answer here Current tibilities Drag answer here Stockholders' Equity Drag answer here

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