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An advertising company received $6,000 cash in advance for advertising services to be performed in the future. The full amount was credited to Unearned Service
An advertising company received $6,000 cash in advance for advertising services to be performed in the future. The full amount was credited to Unearned Service Revenue. If the services have been performed at the end of the accounting period and no adjusting entry is made, this would cause: Select one: a. revenues to be understated. O b. liabilities to be understated. C. net income to be overstated. O d. expenses to be overstated. Previous page Next page mapter 2 Thursday Oct. Jump to 2
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