Business
Business, 03.03.2020 05:05, marvin07

If the adjustment for accrued revenue is not recorded a. assets will be overstated. b. net income will be overstated. c. liabilities will be overstated. d. net income will be understated.

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Answers: 2

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Which part/word/phrase in the passage refers to a business’s financing activity seen in a cash flow statement? nathan works as an accountant in a footwear manufacturing company. he is currently preparing the cash flow statement for his employer. during the given accounting period, the company purchased raw materials worth $25,000. it also bought new equipment worth $75,000 to increase its production output. further, it borrowed a long-term bank loan of $100,000 to facilitate further expansion. finally, the company spent $50,000 on advertising its latest brand of footwear in the market. {lol i guessed its "it borrowed a long-term bank loan of $100,000 to facilitate further expansion" and thats correct}
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Business, 22.06.2019 19:00, jediDR
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If the adjustment for accrued revenue is not recorded a. assets will be overstated. b. net income wi...

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