Adjusting Entries: Accrued Revenues Video Lessons

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Problem: What is the effect on the Accounting Equation if the credit entry for service revenue is not recorded? a. Assets would be understated b. Liabilities would be understated c. Stockholders equity would be understated d. Stockholders equity would be overstated

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What is the effect on the Accounting Equation if the credit entry for service revenue is not recorded?

a. Assets would be understated

b. Liabilities would be understated

c. Stockholders equity would be understated

d. Stockholders equity would be overstated

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Based on our data, we think this problem is relevant for Professor Stussie's class at ARIZONA.