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Which of the following uncorrected errors would result in both assets and net income being overstated? A) failure to adjust Unearned Revenue to recognize revenue
Which of the following uncorrected errors would result in both assets and net income being overstated?
A) failure to adjust Unearned Revenue to recognize revenue earned
B) failure to record depreciation for the year
C) failure to accrue interest payable
D) adjusting Prepaid Insurance by crediting it for an amount that is too large
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