The Accountant of Reliable Consulting Company Failed to Make an Adjusting

question 176

Multiple Choice

The accountant of Reliable Consulting Company failed to make an adjusting entry to record $6,000 for unearned service revenues that were earned before the end of the fiscal year.Assume the company initially recorded a liability.Which of the following statements is TRUE?

• A) The total liabilities will be overstated.
• B) The total liabilities will be understated.
• C) The total assets will be overstated.
• D) The total assets will be understated.

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A function in many programming languages used to extract a portion of a string based on specified indices.

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The process of adding a string into a specific position within another string or data structure.

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Symbols or sequences of symbols that dictate how data should be formatted when it is outputted.

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