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Crafter,Inc

question 71

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Crafter,Inc.receives subscription payments for annual (one year) subscriptions to its magazine.Payments are recorded as revenue when received.Amounts received but unearned at the end of each of the last three years are shown below:
Crafter,Inc.receives subscription payments for annual (one year) subscriptions to its magazine.Payments are recorded as revenue when received.Amounts received but unearned at the end of each of the last three years are shown below:   Crafter failed to record the unearned revenues in each of the three years.As a result of the omission,2014 income was A) overstated by $146,000. B) understated by $146,000. C) understated by $26,000. D) overstated by $26,000.
Crafter failed to record the unearned revenues in each of the three years.As a result of the omission,2014 income was


Definitions:

Biopsychosocial

An approach that examines the complex interactions between biological, psychological, and social factors in health and disease.

Substance Abuse

The harmful or hazardous use of psychoactive substances, including alcohol and illicit drugs.

Neurotransmitter Systems

Networks of neurons that communicate via chemical messengers known as neurotransmitters, playing key roles in brain function and behavior.

Addictive

Having the quality of causing or capable of causing addiction, typically used in reference to substances or behaviors.

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