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Home Q & A Board Other Fields Homework Help Business Accounting
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gOOvER gOOvER
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6 years ago
Assume the cash was received in the last accounting period. If the adjusting entry to record revenue earned during the current period is not recorded:
A) assets will be overstated.
B) assets will be understated.
C) liabilities will be understated.
D) liabilities will be overstated.
Textbook 
Accounting, Volume 1, Canadian Edition

Accounting, Volume 1, Canadian Edition


Edition: 9th
Authors:
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migrodmigrod
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6 years ago
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