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Business, 25.01.2020 04:31 bryanmcmillianjr

If an entry to adjust unearned rent and rent revenue is not recorded at the end of the period, rent revenue and net income on the income statement will be
a. unaffected because these items are not on the income statement.
b. unaffected because the omitted entry affects two accounts that cancel each other out.
c. understated.
d. overstated.

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If an entry to adjust unearned rent and rent revenue is not recorded at the end of the period, rent...
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