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  3. Study Set
    Fundamental Accounting Principles Study Set 1
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    Exam 3: Adjusting Accounts and Preparing Financial Statements
  5. Question
    Net Income for a Period Will Be Understated If Accrued
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Net Income for a Period Will Be Understated If Accrued

Question 94

Question 94

True/False

Net income for a period will be understated if accrued revenues are not recorded at the end of the accounting period.

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