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If a company fails to record a sale on account: 1. accounts receivable on the balance sheet will be overstated. 2. revenue on the income statement will be overstated. 3. net income on the income

If a company fails to record a sale on account:

1. accounts receivable on the balance sheet will be overstated.

2. revenue on the income statement will be overstated.

3. net income on the income statement will still be correct. 

4. assets on the balance sheet will be understated. 

May 13 2021 View more View Less

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