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

If a company fails to record a sale on account:
a. revenue on the income statement will be overstated
b. accounts receivable on the balance sheet will be overstated.
c. net income on the income statement will still be correct
d. assets on the balance sheet will be understated.

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