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Failure to make an adjusting entry to recognize service revenue receivable would cause which of...

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Accounting

Failure to make an adjusting entry to recognize service revenue receivable would cause which of the following?
Multiple Choice
an overstatement of assets, net earnings, and shareholders' equity.
no effect on assets, liabilities, net earnings, nor shareholders' equity.
an overstatement of assets and shareholders' equity and an understatement of net earnings.
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