Multiple Choice
The accountant for Wilson Consulting Company failed to make an adjusting entry to record $3 000 of unearned service revenue that has now been earned. Which of the following is TRUE?
A) Total assets are understated.
B) Total assets are overstated.
C) Total liabilities are overstated.
D) Total liabilities are understated.
Correct Answer:
Verified
Correct Answer:
Verified
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