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Which of the following will happen if the accrual adjusting entry is not made for revenue earned but not yet recorded? a.Both revenues and assets

Which of the following will happen if the accrual adjusting entry is not made for revenue earned but not yet recorded?

a.Both revenues and assets will be understated.

b.Both revenues and assets will be overstated.

c.Assets will be understated and revenues will be overstated.

d.Revenues will be understated and assets will be overstated.

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