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Winnie Ltd. provides computer services to business customers. In 2020, the Company failed to record accrued service revenues tor 150,000 The Company received and recorded
Winnie Ltd. provides computer services to business customers. In 2020, the Company failed to record accrued service revenues tor 150,000 The Company received and recorded this amount as service revenue in 2021. This accounting treatment would . Have no effect on reported net earnings for 2020. O b. Make net earnings for 2020 equal to net earnings for 2021. O c. Overstate net earnings for 2020 by $150,000. O d. Understate net earnings for 2020 by $150,000
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