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What would the impact of recording a customer deposit as revenue instead of unearned revenue have on the assets, liabilities, and shareholders' equity? Select one:

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What would the impact of recording a customer deposit as revenue instead of unearned revenue have on the assets, liabilities, and shareholders' equity? Select one: O A. Assets - No Effect; Liabilities - Overstated; Shareholders' Equity - Understated B. Assets - No Effect; Liabilities - Overstated; Shareholders' Equity - Overstated O C. Assets - No Effect; Liabilities - Understated; Shareholders' Equity - Overstated OD Assets - Overstated; Liabilities - Overstated; Shareholders' Equity - Overstated O E. No effect on assets, liabilities, and shareholders' equity because this is not an error

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