Question: . What would be the effect on the income statement if the adjustments for unbilled fees and accrued wages were omitted at the end of

. What would be the effect on the income statement if the adjustments for unbilled fees and accrued wages were omitted at the end of the year?
Over/Understated
Amount
Fees earned Understated Correct
$
Wages expense Understated Correct
$
Net income Understated Correct

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