What Effect Does an Accrued Revenue Adjustment Have on a Company's

question 63

Multiple Choice

What effect does an accrued revenue adjustment have on a company's net income?

• A)The adjustment has no effect on net income.
• B)The adjustment increases net income for the period.
• C)The adjustment decreases net income for the period.
• D)The effect of the adjustment cannot be determined with the information given.

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