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Harrison Harrison
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6 years ago
What will be the result if no adjusting entry is made to record revenue earned during the current period when the cash was received in the last accounting period?
A) The assets will be understated.
B)  The liabilities will be understated.
C)  The liabilities will be overstated.
D)  The assets will be overstated.
Textbook 
Financial Accounting, Canadian Edition

Financial Accounting, Canadian Edition


Edition: 5th
Authors:
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6 years ago
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