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    Intermediate Accounting Study Set 7
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    Exam 4: Review of the Accounting Cycle
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    If a Company Fails to Adjust a Deferred Revenue Recorded
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If a Company Fails to Adjust a Deferred Revenue Recorded

Question 53

Question 53

True/False

If a company fails to adjust a deferred revenue recorded as a liability, liabilities will be overstated on the income statement.

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