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(L.O. 5) The failure to properly record an adjusting entry to accrue a revenue item will…

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11. (L.O. 5) The failure to properly record an adjusting entry to accrue a revenue item will… 1 answer below » 11.          (L.O. 5) The failure to properly record an adjusting entry to accrue a revenue item will result in an: a.         understatement of revenues and an understatement of liabilities. b.        overstatement of revenues and an overstatement of liabilities. c.         overstatement of revenues and an overstatement of assets. d.        understatement of revenues and an understatement of View complete question » 11.          (L.O. 5) The failure to properly record an adjusting entry to accrue a revenue item will result in an: a.         understatement of revenues and an understatement of liabilities. b.        overstatement of revenues and an overstatement of liabilities. c.         overstatement of revenues and an overstatement of assets. d.        understatement of revenues and an understatement of assets. View less » Nov 16 2015 12:06 PM



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