Question: 6 . An architecture firm earned $ 2 , 0 0 0 for architecture services provided with the fee to be paid in the future.

6 .

An architecture firm earned $

2, 000

for architecture services provided with the fee to be paid in the future. No entry was made at the time the service was provided. If the fee has not been paid by the end of the accounting period and no adjusting entry is made, this would cause:a

.

net income to be overstated.b

.

revenues to be overstated.c

.

revenues to be understated.d

.

liabilities to be understated.

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