Winnie Ltd. provides computer services to business customers. In 2020, the Company failed to record accrued service revenues for $150,000. The Company received and recorded this amount as service revenue in 1821. This accounting treatment would a. Have no effect on reported net earnings for 2020. O b. Make net earnings for 2020 equal to net earnings for 2021. Oc. Overstate net earnings for 2020 by $150,000. O d. Understate net earnings for 2020 by $150,000. Which of the following are the fundamental characteristics of accounting information? . Predictive value and feedback value. Ob O C. Relevance and faithful representation. Relevance and verifiability. Timeliness and understandability Od oe. Verifiability and faithful representation. Clear my choice Generally, revenues should be recognized at a point when O a Management decides it is appropriate to do so. O b. The goods are available for sale to the ultimate customer. O C. The financial statements are prepared. O d. An exchange has taken place and the earnings process is virtually complete Clear my choice