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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
    Recording Revenues Early Overstates Current-Period Income; Recording Revenues Late Understates
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Recording Revenues Early Overstates Current-Period Income; Recording Revenues Late Understates

Question 166

Question 166

True/False

Recording revenues early overstates current-period income; recording revenues late understates current period income.

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