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An accountant failed to make the adjusting entry for unearned revenues at the end of the year

Accounting Nov 17, 2020

An accountant failed to make the adjusting entry for unearned revenues at the end of the year. This error would cause:
A) an overstatement of assets
B) an understatement of owners' equity
C) an overstatement of expenses
D) an understatement of liabilities

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