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  3. Study Set
    Fundamental Accounting Principles
  4. Exam
    Exam 3: Adjusting Accounts for Financial Statements
  5. Question
    Before Adjusting for Accrued Revenues, Both Assets and Equity Are
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Before Adjusting for Accrued Revenues, Both Assets and Equity Are

Question 171

Question 171

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Before adjusting for accrued revenues, both assets and equity are understated.

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