Answer:
e. Liabilities Net Income
Overstated No Error
Explanation:
Unearned Revenue is a liability account that is used to record revenue that the business has received but not yet earned because the goods and services have not yet been provided. By crediting Accrued revenue to this account, it increases it when it is not supposed to so Liabilities are overstated.
Accrued Revenue go to the Accounts Receivable section of the balance sheet to indicate that the business is owed for goods or services provided and so have nothing to do with Net Income so there is no error there.
This is true. I hope this helps and have a great day (Also brainliest would be appreciated but you don’t have to) :)
Answer:
The answer is D. Income statement
Explanation:
The impact on operating income for eliminating this business segment would be:
$54,900 decrease $135,100 decrease $52,900 decrease $190,000.
