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Home Q & A Board Other Fields Homework Help Business Accounting
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gOOvER gOOvER
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7 years ago
Unearned revenue was not adjusted to show $3,000 of revenue earned during the current period. What is the effect of this error on the balance sheet?
A) liabilities are overstated
B) liabilities are understated
C) assets are overstated
D) assets are understated
Textbook 
Accounting, Volume 1, Canadian Edition

Accounting, Volume 1, Canadian Edition


Edition: 9th
Authors:
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HanoiHanoi
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#1
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7 years ago
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gOOvER Author
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#2
6 years ago
Incredible answer, really thank you
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