If a real estate company fails to accrue commission revenue, a. liabilities are overstated and… 1 answer below »

If a real estate company fails to accrue commission revenue,

a. liabilities are overstated and owners’ equity is understated.

b. assets are understated and net income is understated.

c. revenues are understated and net income is overstated.

d. net income is understated and stockholders’ equity is overstated.

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