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Business, 27.09.2019 22:30 semily74

If an adjustment for $7,500 in accrued revenues is omitted, how will this affect the financial statements?

a. there will be no effect on the financial statements.
b. net income will be understated by $7,500.
c. accounts receivable will be overstated by $7,500.
d. net income will be overstated by $7,500.

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