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What Effect Will This Adjustment Have on the Accounting Records

Question 36

Multiple Choice

What effect will this adjustment have on the accounting records? What effect will this adjustment have on the accounting records? A) Increase net income B) Increase revenues reported for the period C) Decrease liabilities D) All of these are true.


A) Increase net income
B) Increase revenues reported for the period
C) Decrease liabilities
D) All of these are true.

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