On October 1 of the current year, a company received $6600 for services to be performed evenly over the next six months. If no adjusting entry was made on December 31 of the current year:
A) net income would be understated by $6600.
B) net income would be understated by $3300.
C) net income would be overstated by $1650.
D) net income would be overstated by $3300.
Correct Answer:
Verified
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