On December 31 (fiscal year-end), an adjustment is made to reclassify a portion of unearned revenue as

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On December 31 (fiscal year-end), an adjustment is made to reclassify a portion of unearned revenue as earned revenue. How many accounts will be affected on the year-end balance sheet by this entry?

a. None

c. Two

b. One

d. Three

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Financial Accounting

ISBN: 9780073208145

5th Edition

Authors: Robert Libby, Patricia Libby, Daniel Short

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Question Posted: Jun 24, 2024 02:01 AM

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On December 31 (fiscal year-end), an adjustment is made to reclassify a portion of unearned revenue as

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Financial Accounting

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