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QUESTION 7 Not changed since last attempt Marked out of 1.00 Flag question
On October 1, a company received $3,600 for services to be performed over the
next 6 months, with an equal amount of work to be completed each month. If no adjusting entry
is made on December 31,
Select one:
O a. net income will be understated by $3,600
O b. net income will be understated by $1,800
O C. net income will be overstated by $1,800
O d. net income will be overstated by $3,600
O e. net income will be understated by $2,400
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Transcribed Image Text:kboard b X what is stockholders equ x | M Inbox (1,662)-galomikeyc Learn × group portr ard.com/webapps/ubsh-Iti-integration-BBLEARN//app/content/launchHandler?course id- 132178 18content pus Powered by Bb eCampusS ePortfolios Community Content Collection ments HW Assignment 3 Menu QUESTION 7 Not changed since last attempt Marked out of 1.00 Flag question On October 1, a company received $3,600 for services to be performed over the next 6 months, with an equal amount of work to be completed each month. If no adjusting entry is made on December 31, Select one: O a. net income will be understated by $3,600 O b. net income will be understated by $1,800 O C. net income will be overstated by $1,800 O d. net income will be overstated by $3,600 O e. net income will be understated by $2,400 Save Answers Previous page Next page [D
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